LekhoriLekhoriOne or more of the technology companies Facebook, Apple, Amazon, Netflix and Google.
The stock of one or more of these technology companies.
But a deeper reason is that the media-tech frontier has closed, and many investors are looking for the next mountain to scale. In the past two years, the so-called FAANGs— Facebook, Apple, Amazon, Netflix, and Google—have seen their price-earnings ratios collapse by more than 60 percent; big tech companies are now trading near their lowest multiples in history.
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