CA NeWs Beta*: FANG stocks lost Rs 14,731, 000,000,000 in two days

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Wednesday, October 31, 2018

FANG stocks lost Rs 14,731, 000,000,000 in two days

Here’s your fun fact for the day: In the last two market trading sessions, 
the FANG stocks—Facebook, AmazonNetflix and Google-parent Alphabet—

have lost a whopping $200 billion in market cap. 

By the way $200 billion is Rs. 14,731 billion

And 1 billion is  1,000,000,000 with 9 zeros!!

Goldman Sachs’ chief equity strategist tried to give comfort, opining the market sell-off is “overdone.” But markets are clearly in an ugly mood.

"FANG stocks lost Rs 14,731, 000,000,000  in two days!":

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