Why Alibaba Stock Was Sliding Today

Shares of Alibaba (NYSE: BABA), the Chinese tech giant, were slipping today after it reported sluggish revenue growth in its March quarter earnings report. It also continued to make progress on its breakup plan, approving the spinoff of its cloud business.

As of 11:15 a.m. ET, the stock was down 3.8%.

Image source: Getty Images.

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Source Fool.com