- February 22, 2022
- Posted by: admin1
- Category: DPN Topics
Context- Thanks to the meme stocks and the vitality of the ‘FAANG’ stocks in the US markets during the pandemic, retail participation in developed markets peaked at 56 percent in 2021.
- FAANG is an acronym for five big tech giants namely: Facebook, Amazon, Apple, Netflix and Alphabet (which owns Google).
- Amid the ongoing pandemic, FAANG companies have prospered while other businesses have suffered.
- For instance, more online shopping was done, people scrolled social media to curb their boredom and so on.
- The share prices of FAANG Companies have escalated in the year 2020 by close to 50% despite the ongoing COVID-19 pandemic.