Alibaba.com tumbled 8.8% Thursday, a day after Yahoo finally answered investor chirping by announcing it will spin off its remaining stake in the Chinese e-commerce giant to shareholders. Are we looking at a case of be careful what you wish for? The assumption held by those clamoring for Yahoo to spin off the Alibaba stake has been that fast-growing Alibaba basically accounts for the entire current value of Yahoo stock, and divesting it in a tax-free manner is the best way to deliver ...
Go to Profile
Mark as Read
