|
||
Relevant:
|
2015-09-02 — bloombergview.com
``Ma has hitched the fortunes of his e-commerce behemoth to these people, and the value of his company is falling in sync with them. After surging as much as 75 percent from their initial offering price of $68 each last September, the company's American depositary receipts plunged 16 percent in August, to $66.12, the third consecutive monthly decline in New York. Anyone who doubts that China won't experience a negative wealth effect as Shanghai cracks hasn't looked at Alibaba's numbers. Skeptical investors have shaved $65 billion from its market value since last year's euphoric initial public offering.''
source article | permalink | discuss | subscribe by: | RSS | email Comments: Be the first to add a comment add a comment | go to forum thread Note: Comments may take a few minutes to show up on this page. If you go to the forum thread, however, you can see them immediately. |