Alibaba reminds me of AOL using it’s over priced stock buying Time-Warner.
Alibaba has no real assets to it, not like owning a company with real hard assets.
Will be interesting to watch to see what happens. In a real market correction this stock will be going down.
Agreed, no tangible assets. However, they do have a billion or so potential consumers in Asia.
to me its peak bubble, and peak China.
EVERYTHING in China exists only at the whim of the Party and Government.
Alibaba has no real assets to it, not like owning a company with real hard assets.
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And people think Conservatives are ignorant knuckle draggers.
For part of yesterday Alibaba had a net cap larger than Walmart. How insane is that?