Portfolio managers holding shares of Facebook Inc (FB.O), Amazon.com Inc (AMZN.O), Netflix Inc (NFLX.O), and Google-parent Alphabet Inc (GOOGL.O) say they are increasingly concerned that the data scandal that has sent shares of Facebook down nearly 15 percent year-to-date will spill over into all of the FANG stocks, imperiling the broad market’s momentum at a time when there are no clear companies or sectors to take their place.
https:// www.reuters.com/article/us-usa-stocks-fang/fang-stocks-bite-has-u-s-fund-managers-looking-for-alternatives-idUSKBN1H42PL