Facebook's FB share price crash has been the biggest story of this quarter's tech earnings season, overshadowing strong performances from Amazon AMZN , Apple AAPL , and Google parent company Alphabet GOOG GOOGL . The biggest question is whether Facebook's problems will trigger an existential crisis for FAANG stocks in general or lead to an unbridgeable divide between tech "winners" such as Amazon and the social media giants of Facebook and Twitter TWTR . The bearish argument is that tech stocks have propelled global markets higher in recent years.