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Why Alibaba Stock Crashed Today

TheMotleyFool

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Shares of Alibaba Group Holding Limited (NYSE: BABA) stock that popped on positive analyst commentary yesterday fell back to earth on Wednesday after Reuters reported that a key government ministry is cutting ties with Alibaba.

As of 10:30 a.m. ET, Alibaba stock is down 4.8%.

Image source: Getty Images.

Source Fool.com

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