Alibaba stock is down again today even after news that they will increase their stock buyback to $10 Billion. Jack Ma and Alibaba (BABA) have been in the news because of the Ant Group IPO that was canceled by the Chinese government and the start of a monopoly investigation against Alibaba and Ant Group. Alibaba has tried to appease the Chinese government by reducing credit limits on some of it's customers but it wasn't enough.
I discuss what Jack Ma said that made him and Alibaba a target for the government monopoly investigation. Also I look at the different financial divisions of Ant Financial and talk about a likely outcome of the Alibaba investigation. Lastly, I discus if BABA stock is now a buy. I look at a long term BABA stock chart as well as financials.
To stay @Financially Aware of what is going on in the stock market, check out my playlists.
I discuss what Jack Ma said that made him and Alibaba a target for the government monopoly investigation. Also I look at the different financial divisions of Ant Financial and talk about a likely outcome of the Alibaba investigation. Lastly, I discus if BABA stock is now a buy. I look at a long term BABA stock chart as well as financials.
To stay @Financially Aware of what is going on in the stock market, check out my playlists.
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