Why Is Everyone Talking About Alibaba Stock?
Alibaba (NYSE: BABA) is arguably China's most well-known tech company. It owns the country's largest online marketplaces, Taobao and Tmall, and its largest cloud infrastructure platform, Alibaba Cloud.
Alibaba went public in September 2014 and it remained a solid growth stock over the next six years. The stock was initially priced at $88 a share, started trading at $92.70, and hit an all-time high of $319.32 last October. Since then, Alibaba has shed more than a third of its value as it dominated the headlines for all the wrong reasons.
Let's see why everyone is talking about Alibaba -- and whether or not it will ever recover.
Source Fool.com
