Loading ...has opened and is trading right near $98/share. BABA
This puts the company at a market valuation approximately equal to WalMart.
This is claimed to be “a titan of tech”, albeit in China.
Oh 
I fully expect this stupidity will go on for a while, but the fact remains that it is stupid, and I don’t know when the crack-up will come but I am very sure it will.
The usual refrain will be that “Twitter is a bargain” compared to Alibaba, or similarly eBAY and on and on and on.
Oh please.
Tulips were great currency too – once. Then they were just pretty flowers, as they were before.
I’m not going anywhere near this piece of crap, but I sure do see the shoeshine indicator lighting up nice and bright in the drug-addled haze of Wall Street.