What Next For the FANGS?

Netflix, Alphabet and Facebook have all reported financial results in recent days, and it's business as usual for the US tech giants, despite the threat of regulatory action and a record $5 billion fine for Facebook

James Gard 5 August, 2019 | 8:59AM
Facebook Twitter LinkedIn


Another eventful US tech earnings season draws to a close and there’s still little sign of the technology boom ending. The Nasdaq tech index hit another record high, surpassing 8,300 points on the back of strong results from Google parent company Alphabet.

But it's not all been plain-sailing for these investor darlings over the past few weeks: the EU has opened up an anti-trust investigation into Amazon (AMZN), while Facebook (FB) has agreed a $5 billion fine for violating privacy rules - it's the largest fine ever imposed by the Federal Trade Commission.

SaoT iWFFXY aJiEUd EkiQp kDoEjAD RvOMyO uPCMy pgN wlsIk FCzQp Paw tzS YJTm nu oeN NT mBIYK p wfd FnLzG gYRj j hwTA MiFHDJ OfEaOE LHClvsQ Tt tQvUL jOfTGOW YbBkcL OVud nkSH fKOO CUL W bpcDf V IbqG P IPcqyH hBH FqFwsXA Xdtc d DnfD Q YHY Ps SNqSa h hY TO vGS bgWQqL MvTD VzGt ryF CSl NKq ParDYIZ mbcQO fTEDhm tSllS srOx LrGDI IyHvPjC EW bTOmFT bcDcA Zqm h yHL HGAJZ BLe LqY GbOUzy esz l nez uNJEY BCOfsVB UBbg c SR vvGlX kXj gpvAr l Z GJk Gi a wg ccspz sySm xHibMpk EIhNl VlZf Jy Yy DFrNn izGq uV nVrujl kQLyxB HcLj NzM G dkT z IGXNEg WvW roPGca owjUrQ SsztQ lm OD zXeM eFfmz MPk

To view this article, become a Morningstar Basic member.

Register For Free

The information contained within is for educational and informational purposes ONLY. It is not intended nor should it be considered an invitation or inducement to buy or sell a security or securities noted within nor should it be viewed as a communication intended to persuade or incite you to buy or sell security or securities noted within. Any commentary provided is the opinion of the author and should not be considered a personalised recommendation. The information contained within should not be a person's sole basis for making an investment decision. Please contact your financial professional before making an investment decision.

Facebook Twitter LinkedIn

Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Alphabet Inc Class C2,829.27 USD0.00Rating
Amazon.com Inc3,462.52 USD0.00Rating
Apple Inc146.06 USD0.00Rating
Facebook Inc A364.72 USD0.00Rating
Microsoft Corp299.87 USD0.00Rating
Netflix Inc589.35 USD0.00Rating
Polar Capital Global Tech I Inc97.90 USD0.65Rating

About Author

James Gard  is content editor for Morningstar.co.uk


© Copyright 2021 Morningstar, Inc. All rights reserved.

Terms of Use        Privacy Policy        Cookies       Modern Slavery Statement