(Note: companies that could be impacted by the content of this article are listed at the base of the story (desktop version). This article uses third-party references to provide a bullish, bearish and balanced point of view; sources listed in the “Balanced” section)
Washington lawmakers have initiated an antitrust probe into FAANG and other big tech companies in order to review problematic practices relating to unfair competition and anti-consumer actions. The FAANG stocks; Facebook (FB), Amazon (AMZN), Apple (AAPL), Netflix (NFLX), and Google’s parent company Alphabet (GOOG, GOOGL), have previously maintained dominance in the market. The break up of these major tech companies may provide more value to shareholders as smaller entities.