Buying the collection of high-growth US technology behemoths known as the Faangs has been a simple route to outsized investment returns in recent years.
Facebook, Amazon, Apple, Netflix and Google’s parent company Alphabet — collectively known by the acronym Faangs — have shaken off occasional public relations problems and growth scares to hit record high after record high.
But the latest round of earnings reports for the group has made this winning trade look more complex.
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