Less than six weeks apart, both Apple and Amazon hit major milestones, reaching $1 trillion in valuation. (Apple on August 2, 2018, and Amazon on September 4, 2018.) These two tech giants, along with Facebook, Netflix, and Google, are often grouped under the acronym “FAANG,” and are synonymous with rapid growth and innovation. As a group, the five companies command over $3 trillion in market...

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