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To: Captain Peter Blood

For part of yesterday Alibaba had a net cap larger than Walmart. How insane is that?


15 posted on 09/20/2014 5:45:47 AM PDT by catfish1957 (Everything I needed to know about Islam was written on 11 Sep 2001)
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To: catfish1957
Like I said reminds me of AOL, no assets and it's market cap was bigger than most hard asset and bricks and mortar companies and it buys Time-Warner with it's overvalued stack and within a very short time it crashed and burned.
Poor “Ted Turner”, for example, went from being worth several billion to about $1 Billion.
Alibaba is like a and E-Bay but on a larger scale and set up a little different but again has no real assets, what will happen to it in a real economic meltdown?
16 posted on 09/20/2014 7:11:17 AM PDT by Captain Peter Blood
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