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The Alibaba earnings report was released this morning (Thursday) and investors are panicking. In fact, Alibaba stock dipped as much as 11% this morning.
You see, the main culprit today is a slight revenue miss.
Alibaba Group Holding Ltd. (NYSE: BABA) reported revenue of $4.2 billion for its fiscal third quarter ending December 2014. Analysts had predicted revenue of $4.45 billion.