After nearly of week of meetings, Yahoo CEO Marissa Mayer on Wednesday said the company won't move ahead with a spin-off of its Alibaba Group Holding Inc. (NYSE: BABA) stake.
A potentially massive tax bill was why Yahoo yanked the Alibaba spin-off.
By Diane Alter, Contributing Writer, Money Morning - • Print | Email
After nearly of week of meetings, Yahoo CEO Marissa Mayer on Wednesday said the company won't move ahead with a spin-off of its Alibaba Group Holding Inc. (NYSE: BABA) stake.
A potentially massive tax bill was why Yahoo yanked the Alibaba spin-off.
Here's what Yahoo plans to do instead...
By Jack Delaney, Sr. Cannabis Editor, Money Morning - • Print | Email
The Alibaba stock price has been rising all day on Cyber Monday.
By late afternoon, BABA stock was up over 1.5% on the day.
By Kyle Anderson, Associate Editor, Money Morning • @KyleAndersonMM - • Print | Email
The Alibaba stock price opened at $82.30 today (Wednesday) after the company reported record sales on the world's biggest shopping day, Singles' Day.
Alibaba Group Holding Ltd. (NYSE: BABA) stock is now up 37.2% since the start of October.
Here's what's next for the Alibaba stock price and BABA shareholders...
By Jack Delaney, Sr. Cannabis Editor, Money Morning - • Print | Email
Alibaba acquired Chinese video service Youku Tudou for $3.6 billion.
As a result, the Alibaba stock price is up because of the acquisition offer.
By Alex McGuire, Associate Editor, Money Morning • @AlexMcGuire92 - • Print | Email
The Japan Post IPO raised 1.44 trillion yen ($12 billion) yesterday.
That makes it the world's biggest IPO this year and Japan's biggest IPO in two decades.
By Kyle Anderson, Associate Editor, Money Morning • @KyleAndersonMM - • Print | Email
Alibaba earnings for fiscal Q2 2016 will be released before the bell this morning (Tuesday). Consensus estimates call for earnings per share (EPS) of $0.32 on $3.35 billion in revenue.
By matching those estimates, Alibaba will have grown EPS by 28% and revenue by 26.7% year over year.
But those aren't the biggest numbers for investors to watch for...
By Kyle Anderson, Associate Editor, Money Morning • @KyleAndersonMM - • Print | Email
The Alibaba stock price has climbed 15.3% in October and is up another 2.9% today (Thursday) after the company released a letter to shareholders reassuring them of the company's growth prospects. Alibaba stock investors are worried about slowing revenue growth from the Chinese e-commerce firm, plus trouble with China's economy. Alibaba Group Holding Ltd. (NYSE: […]
Today, Alibaba Chairman Jack Ma's letter addressed those bearish concerns.
By Kyle Anderson, Associate Editor, Money Morning • @KyleAndersonMM - • Print | Email
The tax-free Alibaba stake spin-off of Yahoo Inc. will move forward, Yahoo announced in a filing Monday. Yahoo Inc.'s (Nasdaq: YHOO) Alibaba shares are worth roughly $22 billion.
Earlier in September, the IRS announced that it has not explicitly signed off on the tax-free Alibaba stake spin-off. Now, Yahoo officials are betting that their plan is legally acceptable and will pass the IRS's regulations.
Here's what today's news means for investors...
By Kyle Anderson, Associate Editor, Money Morning • @KyleAndersonMM - • Print | Email
The Alibaba stock price is down another 1.6% today (Thursday) and hit an all-time low of $58 shortly after the opening bell.
The lock-up period on $105 billion worth of Alibaba Group Holding Ltd. (NYSE: BABA) stock ended on Saturday.
Here's everything investors need to know about the Alibaba stock price, including how to invest...
By Kyle Anderson, Associate Editor, Money Morning • @KyleAndersonMM - • Print | Email
Alibaba stock is down another 2.9% this week after a report from Barron's indicated the e-commerce stock could fall another 50%.
Alibaba Group Holding Ltd. (NYSE: BABA) shares hit a high of $120 in the two months following the company's September 2014 IPO. But Barron's issued an Alibaba stock price prediction that sees BABA slipping from its current price near $63 all the way down to nearly $30 per share.
But according to Money Morning experts, the Barron's article got it wrong.