Stock market meltdowns have FAANGs looking increasingly toothless

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Investors are rethinking a tech-heavy growth strategy that’s served them for the better part of a decade.

Jeran Wittenstein

Nine years ago, Jim Cramer — the gleefully loudmouthed CNBC pundit — introduced the world to what he called the FANG investment strategy. Facebook, Amazon, Netflix, and Google, his reasoning went, were as close to a sure bet as you could get as commerce, community and content shifted online...A subscription gives you full digital access to all Sunday Times content.Registered on the BusinessLIVE, Business Day or Financial Mail websites? Sign in with the same details.

 

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