Google warns of ‘devastating’ impact if court ruling on defamatory hyperlinks not overturned. Tech company says it will be forced to ‘censor’ search results if $40,000 damages win for Melbourne solicitor is allowed to stand
FAANG stocks -- essentially the top five stocks of the tech sector -- as a group cooled off in 2021. Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) led the group of growth stocks with a 65% return for the year, followed by Apple's (NASDAQ: AAPL) near-34% return. The rest of the group -- Meta Platforms (NASDAQ: FB), Amazon (NASDAQ: AMZN), and Netflix (NASDAQ: NFLX) -- all underperformed the S&P 500 index, which returned nearly 27% for the year.
Amazon stock has been practically flat for the past year. The company's growth in the cloud market may be overlooked as it helps fuel future ambitions.