FAANG stocks have seen $600 billion of market value wiped out — here's how much each one is on sale (AMZN, AAPL, NFLX, FB, GOOGL)

Mark Zuckerberg

  • Facebook, Apple, Amazon, Netflix, and Google have had more than $600 billion of market value wiped out from their recent peak. 
  • Even though these stocks are bouncing back on Friday, they are significantly below their highs.
  • Facebook has been hit the hardest among the FAANGs.
  • Watch Facebook, Amazon, Apple, Google and Netflix trade here in real time.

The stock market selloff has crushed the FAANG stocks.

Facebook, Apple Amazon, Netflix, and Google — once considered to be some of the hottest stocks in the market — have now lost $604.3 billion since their recent peak. 

Even though these stocks are bouncing back on Friday amid the broader market rally, they are significantly below their recent peaks.

In terms of losses, Facebook has been hit the hardest among the group. Its shares have fallen 30% since peaking in July, wiping out $188 billion of its market capitalization. The decline has come amid data-privacy concerns and a drop in users —resulting in a significant slowdown in its projected revenue growth for the years ahead.

Business Insider looked at where the FAANG stocks are in compared to their recent peaks and tallied how much they are on sale from their recent highs.

Note: Market Cap values are based on closing highs. 

Facebook

Ticker: FB

Peak market cap: $630 billion on July 25, 2018

Market cap lost: $188 billion

Loss on a percentage basis: 29.8%

Current share price: $153.35

 

Data from Markets Insider, Bloomberg

 

 

 

Apple

Ticker: AAPL

Peak market cap: $1.121 trillion on October 3, 2018

Market cap lost: $85 billion 

Loss on a percentage basis: 7.5%

Current share price: $214.45

 

Data from Markets Insider, Bloomberg

 

Amazon

Ticker: AMZN

Peak market cap: $995 billion on September 9, 2018

Market cap lost: $156 billion

Loss on a percentage basis: 15.6%

Current share price: $1,719.36

 

Data from Markets Insider, Bloomberg

See the rest of the story at Business Insider
Source: Business insider

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