Facebook, Apple, Amazon, Netflix, and Google premarket trading

Jeff
Bezos and Amazon have once again shown their ability to wreak
havoc on an entire industry.
Reuters /
Brendan McDermid

• Facebook, Apple, Amazon, Netflix, and Google were all
  down in premarket trading.
• It follows a chastening day on Wednesday,
  when the FAANG companies lost a collective $172 billion in
  value.
• Stock markets around the world are selling off sharply
  as fears about slowing economic growth and rising interest
  rates spook investors. Declines in US futures show the selloff
  is not slowing down.

Tech stocks look set for a second punishing day on Wall Street.

All the major tech giants are down in premarket trading following
a chastening day on Wednesday,
when the FAANG companies lost a collective $172 billion in
value.

As of 6.20 a.m. Eastern Time on Thursday morning, here’s how
Facebook, Apple, Amazon, Netflix, and Google stacked up in
futures trading, ranked from worst to best:

Netflix: Down 2.5%

Amazon: Down 2.3%

Apple: Down 1.9%

Facebook: Down 1.8%

Google: 1.5%

Among the other big fallers was Square, which was down 9.6%
around the same time. Square’s CFO Sarah Friar announced on
Wednesday that she is leaving to become chief executive of
neighbourhood social network Nextdoor.

Elsewhere, Snap and Dropbox fell 3.6% and 3.4%
respectively. 

Stock markets around the world are
selling off sharply as fears about slowing economic growth
and rising interest rates spook investors. Declines in US futures
show the selloff is not slowing down.

Get the latest Google stock price here.