META, NFLX and TSLA all did about 75% drop from the highs.
Considering that two of those had the market cap more than a tril, it is quite astonishing.
The question is, what they are going to do going forward?
People don't want to look back too much, but about 50-60 years ago (I wasn't investing back then, just read books about it more recently), there were nifty fifty (50 large caps in US) in the 60ies and 70ies.
They were as "untouchable" as the FAANG stocks were before.
Those nifty fity were up even when others were down.
Finally, the 1973-1974 bear market dropped them hard (75% or more)-and most never recovered their prior outperformance (Walmart was the exception).
The point is that it is unlikely that most of the top techs would outperform from the middle of this decade going forward.
Both AAPL and MSFT were founded in the mid-late seventies...we shall find new stonks like this at or after 2025-2026 (apart from btc, which should be the center of the portfolio).