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The Supreme Court is considering a case that could give states more power to collect sales tax on online retailers.
The FANG index is still up for the quarter, but Twitter is down 8 percent and Netflix and Google are down 5% and 1% respectively.
Founder and Chief Investment Officer of Robo Global Bill Studebaker told Business Insider, “This is a dead trade. I wouldn’t expect there to be a lot of performance attribution coming from the FAANG stocks. That is, if the stock market is to see gains in the next several months, they will largely not come from the big tech companies.”
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