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.
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