Jim Chanos vs. BABA Stock
Jim Chanos is hell-bent on taking down Alibaba Group Holding Ltd (NYSE:BABA), and it seems to be working. BABA stock fell 8.4% on Wednesday as the Securities and Exchange Commission (SEC) launched an investigation into the firm's accounting standards. (Source: "Alibaba Discloses SEC Probe of Its Accounting Practices," The Wall Street Journal, May 25, 2016.)
Although the investigation was undertaken by the SEC, Chanos is the mastermind.
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Jim Chanos is hell-bent on taking down Alibaba Group Holding Ltd (NYSE:BABA), and it seems to be working. BABA stock fell 8.4% on Wednesday as the Securities and Exchange Commission (SEC) launched an investigation into the firm's accounting standards. (Source: "Alibaba Discloses SEC Probe of Its Accounting Practices," The Wall Street Journal, May 25, 2016.)
Although the investigation was undertaken by the SEC, Chanos is the mastermind.
Den vollständigen Artikel lesen ...