The release of Amazon’s quarterly results might have put paid to Jeff Bezos’ brief status as the world’s richest man, but the company’s status in the Fang gang appears to be intact.
The Fangs — Facebook, Amazon, Netflix and Google (via parent Alphabet) — are greatly responsible for Wall Street’s gains this year, with Facebook up 43%, Amazon up 34%, Alphabet 18% higher and Netflix 44% to the good as of last Friday.