Investors Still Love Big Tech

It’s an understatement to say it hasn’t been the best couple of years for big tech companies. Between growing concerns over consumer privacy, political meddling and growing calls from Capitol Hill to “break up big tech,” these companies have been navigating some choppy waters. But that, so far, hasn’t affected them in the stock market. Four of the five FAANG stocks — Facebook, Amazon, Apple, Netflix and Google — have grown their market value by at least 25% over the past six months. Perhaps the most currently maligned of these companies, Facebook, has seen its price jump nearly 50% since the beginning of the year. It’s clear that investors haven’t yet been much swayed by the various controversies surrounding big tech.