By Jeremy Schwartz, CFA, Global Head of Research; Kara Marciscano, CFA, Senior Research Analyst Technology experts at Bessemer Venture Partners have released a new report detailing why the FAANG stocks (Facebook, Amazon, Apple, Netflix and Google), that so aptly portrayed technology market leadership over the last decade, are facing a potential trend change. The FAANGs benefited from the dual macro trends of the last two decades relating to the Internet and mobile adoption. FAANG stocks outperformed major market indexes, like the S&P 500 and Nasdaq 100 Indexes, by a significant margin, of at least 14% annualized since 2010.[1] Byron Deeter and Mary D’Onofrio believe the FAANG stocks’ best growth years are behind them, raising serious questions about the future of the group’s premier status.