The FAANG stocks consisting of Facebook parent Meta Platforms ( META , Financial), Amazon ( AMZN , Financial), Apple ( AAPL , Financial), Netflix ( NFLX , Financial) and Alphabet's ( GOOG , Financial)( GOOGL , Financial) Google were previously thought to be untouchable by the market mayhem. In 2022, however, these stocks have faced a series of detrimental headwinds, driven by a combination of macroeconomic factors and company issues.