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    Stumbling FANGs? No Problem, Says the Market

    by Michael Kahn, Contributing Writer, Kiplinger.com Aug 07, 2018 4 minutes

    The end of July was brutal for several big tech stocks that posted very visible earnings misses.

    Facebook (FB) wasn't the first company to disappoint, but it got the entire sector reeling when it plummeted 19% and suffered the biggest single-day loss in market value - a massive $119.1 billion. That's more than the entire market value of Dow Jones Industrial Average component United Technologies (UTX).

    The earnings problems continued, including Twitter's (TWTR) 21% plunge despite beating analyst estimates on the top and bottom lines. User growth was the problem as the company purged itself of suspended and fake accounts.

    Just about all the FANGs - Facebook, Amazon.com (), Netflix () and Google parent), though Apple () and Microsoft () are frequently included in similar acronyms - fared poorly shortly after earnings.

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