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Alibaba Loses $26 Billion Over Market Capitalization Mistake

2022-05-04T20:14:21.131Z

The arrest of a subject surnamed Ma caused Alibaba to lose $26 billion in market capitalization. Its co-founder is surnamed | World | CNN

The arrest of a subject surnamed Ma caused Alibaba to lose $26 billion in market capitalization.

Its co-founder has the same last name, which led to the stock plummeting as it was wrongly associated with the arrest.

Source: cnnespanol

All news articles on 2022-05-04

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