While all eyes were told to focus on the cryptocurrency chaos over here… the widely-owned ‘no-brainers’ FANG stocks suffered total losses that were almost 20 times larger than the ‘losers’ in Bitcoin…
At the end of the day – amid all the turmoil – Bitcoin ended the day down over $3 billion in market cap…
However, FANG stocks suffered their biggest market cap loss ever – losing almost $60 billion today…
Surely – as Joseph Stiglitz warned, investors should be banned from trading FANG stocks – if they can lose this much money in a day, the trading of these shares seems like something that should be heavily regulated.
