A Real American President: Donald Trump Message Board

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Politics : A Real American President: Donald Trump

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Tom Clarke

To: Tom Clarke who wrote (312554)	10/26/2021 6:39:15 AM
From: FJB	2 Recommendations Read Replies (1) of 459637

I DID A NEWS SEARCH FOR JACK MA. HAS HE BEEN SEEN SINCE HE WENT "MISSING"? www.bloomberg.com /news/articles/2021-10-25/alibaba-s-value-drop-tops-the-world-one-year-after-ma-s-speech Alibaba Has Lost $344 Billion in World's Biggest Wipeout Jeanny Yu2-2 minutes 10/24/2021 Technology October 24, 2021, 11:16 PM CDT Updated on October 25, 2021, 4:36 AM CDT Market cap has fallen by $344 billion from last October Founder’s speech triggered crackdown by Chinese authorities Few people could have predicted the downward spiral for Alibaba Group Holding, when founder Jack Ma delivered a blunt criticism of China’s financial system last October. Yet one year on, the technology titan has lost a whopping $344 billion in market capitalization -- the biggest wipe-out of shareholder value globally, according to data compiled by Bloomberg. Shortly after the now infamous speech, Beijing suspended the listing of its fintech arm Ant Group and has since followed up with a widespread crackdown on the country’s most vibrant sectors -- causing Chinese stocks to tank.

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