Why Alibaba Stock Got Cut in Half Last Year
2021 was not kind to Chinese tech giant Alibaba Group (NYSE: BABA).
In a year that began with a headache, Alibaba stock spent all of January on an uptrend before turning south in early February and never looking back. By the time 2021 drew to a close, Alibaba stock had lost 49% of its market capitalization -- cut almost literally in half -- and at a cost to investors of more than $300 billion in market capitalization.
Ouch.
Source Fool.com