Big Tech stocks have changed since FANG/FAANG was coined, the term doesn't necessarily relate to what was big and heading for explosive growth back then. "FAANG" is a noun that doesn't necessarily mean "Facebook Amazon Apple Netflix Google" any more
> He made a GAAF, no need to read anything into it.
But did not say they were wrong and Netflix was actually the same as Bitcoin.
They edited it to another group to prove their point.
Which to be honest confirms the original implication, they are picking and choosing for politics.
OP point is clear to me, everyone can trash talk Bitcoin from twitter rote, but no one is actually thinking. How does it relate to the US equity market? The top comments are currently very uninspiring.
Certainly is clear, big tech stocks are falling, not as much as crypto, and that probably has something to do with big tech stocks have fundamental value.
Well sure, the N literally stands for netflix. But semantically, it's often used as "the big tech companies". At least that what it means in my head. And that's Apple, Microsoft, (gap), Google, Amazon, (gap), Telsa, Facebook, at least by market cap. Netflix isn't anywhere close.
Big Tech stocks have changed since FANG/FAANG was coined, the term doesn't necessarily relate to what was big and heading for explosive growth back then. "FAANG" is a noun that doesn't necessarily mean "Facebook Amazon Apple Netflix Google" any more