Technology Shares Plunge Again Amid Growing Backlash – Wall Street Journal

Shares of the biggest names in the technology industry extended their three-week decline Monday, raising fears among investors that cracks could finally be appearing in what had been one of the most enduring trades of the past year.

All together, the so-called FAANG stocks—Facebook Inc., Amazon.com Inc., Apple Inc., Netflix Inc. and Google parent Alphabet Inc.—which powered major indexes to repeated highs last year, lost $78.7 billion in market value Monday, bringing their declines since the Nasdaq Composite’s March 12 peak…

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