News Formal

Why Alibaba's business shakeup isn't helping its stock

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 97%

United Kingdom News News

United Kingdom United Kingdom Latest News,United Kingdom United Kingdom Headlines

Alibaba is moving quickly to split up its business in a bid to unlock value, but the company's broader challenges continue to drag the stock down.

Alibaba Group Holding Ltd. is moving quickly to split up its business in a bid to unlock more value for shareholders, but the company’s broader challenges continue to drag the stock down.

Even as Alibaba BABA signaled board approval for a spinoff of its cloud-computing business, with more likely spinoffs down the road, its shares fell 5.4% in Thursday’s session and were indicating toward another decline, off 1% in Friday morning action. Read: Loeb’s Third Point buys up new stakes in Alibaba, AMD and Alphabet while dumping Disney’s stock

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in UK
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Alibaba earnings: What to expect from the Chinese e-commerce giantAlibaba Group Holding Ltd. is set to report earnings Thursday for the first time since announcing a major organizational shake-up.
Source: MarketWatch - 🏆 3. / 97 Read more »