David McWilliams: Why stock in Facebook, Apple and Google has fallen

The Faangs – Facebook, Amazon, Apple, Netflix, Google – have lost $1 trillion in value

Falling share prices: The capitalist world is in a constant state of innovative flux.   Photograph: Drew Angerer/Getty Images

Falling share prices: The capitalist world is in a constant state of innovative flux. Photograph: Drew Angerer/Getty Images

The share prices of Facebook, Apple and Google have slumped. Apple’s is down almost 20 per cent in a few weeks, and the story for the other two isn’t much better.

Over the past few weeks, the so-called Faangs – Facebook, Amazon, Apple, Netflix and Google – have lost $1 trillion in value.

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