Facebook Inc.’s shareholders are poised to find out what long-time investors in other FANG stocks already know: They can’t count on higher prices every year. The social-media company, which fell 18 percent this year through Thursday, is headed for its first full-year decline since going public in 2012. The rest of the FANGs – Amazon.com Inc., Netflix Inc. and Google’s owner, Alphabet Inc. – all posted losses in 2014 and at least two other calendar years since their debuts. To be sure, Facebook slipped 30 percent from its initial public offering price in May 2012 through the end of that year.
Source: Bloomberg Radio’s Dave Wilson