Alibaba Shareholders Now 100% Losers

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Jack Ma has managed to do it again, having made his fortune during the Internet bubble (only to stand aside as all his shareholders got wiped out). He went public again last year to huge fanfare, and with his stock at a lifetime low, 100% of the entire who was blinkered enough to buy his stock has a loss, some of whom having lost over 30% in a matter of months. At least he’s still one handsome sumbitch. Oh, and by the way, this is in the context of a surging NASDAQ near the highest levels of human history.