World’s Hottest Stock Is Money-Losing Tech Giant Soaring 880%

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  • Aug.05 — The world’s hottest stock isn’t actually one of the FAANGs or Tesla, but a Singapore-based gaming and e-commerce company. Sea Ltd. has quietly become the world’s best performing large-cap stock, stoking a debate on Wall Street over whether this is the next great internet giant or evidence of a global tech bubble that’s destined to burst. Bloomberg’s Yoolim Lee reports on “Bloomberg Daybreak: Asia.”

    In This Story: FAANG

    FAANG is an acronym referring to the stocks of the five most popular and best-performing American technology companies: Facebook, Amazon, Apple, Netflix and Alphabet (formerly known as Google)

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