$Alibaba (BABA.US)$$Baidu (BIDU.US)$ If you're seriously sug...
$Alibaba(BABA.US$ $Baidu(BIDU.US$ If you're seriously suggesting that a $78,000 fine was responsible for knocking about $7.5bn off BABA's value today, then I suggest you start really thinking about what that means for the volatility of US-listed stocks and the insane impacts of algo-driven trading.
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Ft7foG07XE : Meanwhile ABNB dropped -7.48% today. Must be the CCP's fault as well
hard working : The fines are dumb and the selling is dumb.
Moving on.
where is my money : Those fines are huge. I’m surprised it hasn’t fallen 20% or more!
Anyone to hit : Ever hear of end of year tax selling?
Apple Cat : No matter how good the company has in terms of potential growth, innovation and etc...if you are in a country where everything belongs to the state at any given point, you are just a pawn in the game of power.