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

Google

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.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Alphabet Inc Class C1,438.04 USD0.00
Amazon.com Inc2,878.70 USD0.00
Apple Inc364.11 USD0.00
Facebook Inc A237.55 USD0.00
Microsoft Corp204.70 USD0.00
Netflix Inc485.64 USD0.00
Polar Capital Global Tech I Inc68.10 USD0.99

About Author

James Gard  is content editor for Morningstar.co.uk

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