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)
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?
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