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In tech, FANG of 4 still power supreme

Facebook CEO: 'We're a record company. We're not a media company.'

Facebook’s opinion for 2017 unhappy investors, and a batch fell about 5% Thursday morning as a result. But Facebook is still red prohibited on Wall Street.

So are 3 other tech bonds that make adult a supposed FANG of Four.

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Facebook (FB, Tech30). Amazon (AMZN, Tech30). Netflix (NFLX, Tech30). Google (GOOGL, Tech30). Sure, Google is technically Alphabet now. But a ticker pitch still starts with G. Besides, FANA doesn’t hurl off a tongue. FAAN? AFNA? Nah.

None of those acronyms sound as cold as FANG — a wise moniker given how many punch a bonds have had this year.

Shares of Facebook are adult 15% so distant in 2016, even after factoring in Thursday’s large drop. Amazon is adult scarcely 15% as well.

Netflix, that was in a red for many of a year due to concerns about a growth, is now adult 7% following a stellar gain news that showed large gains in general subscribers.

Amazon and Netflix even rallied Thursday while Facebook’s batch was sinking. So it seems as if investors are no longer treating a 4 as if they should all arise and tumble together. And that creates sense.

Related: Facebook’s implausible ad sales appurtenance is negligence down

The FANG bonds have some things in common, many particularly a fact that they’re betting large on video content. But that’s about it.

Netflix has small in a approach of commercials. Its income comes from subscriptions.

Google’s lifeblood continues to be promotion dollars. Ditto for Facebook.

And even yet Amazon is diversifying and now has a outrageous cloud business, it still gets a bulk of a income from offered stuff. That’s because some would disagree that it’s unequivocally some-more a tradesman that uses tech as against to a pristine tech company.

And Google? It is a slouch of a group, adult a small 1% and about 7% subsequent a all-time high.

Despite concerns about how many Google is investing on income losing, moonshot “other bets” like Fiber, Nest and health caring units Verily and Calico, a core search, YouTube and Android businesses continue to shake out large profits.

Want some-more news about a titans of tech? Check out CNN’s new MoneyStream app

Investors are still feeling with these 4 tech companies.

Several Wall Street analysts consider Facebook’s dump is an overreaction.

Investors shouldn’t be astounded that income expansion will fundamentally delayed given how clever it has been this year. Nor should they be repelled to learn that Zuckerberg wants to deposit some-more in a company, even if it hurts short-term profits.

Related: Google and Amazon are in a competition to be $1,000 stocks

At a finish of a day, Facebook and other tech bonds might continue to be stars on Wall Street as prolonged as they keep proof that they have long-term momentum.

Zuckerberg, Amazon CEO Jeff Bezos, Netflix arch Reed Hastings and Google/Alphabet’s Larry Page and Sergey Brin all know that we have to spend income to make money.

That truth might spasmodic parasite off myopically disposed investors and traders who tatter about how many pennies per share a association beats estimates. But a concentration on a destiny is a categorical reason because we speak about FANG in a initial place.

None of these companies would be marketplace leaders if their government teams complacent on their laurels instead of constantly perplexing to figure out what’s subsequent so they can stay on top.

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