Alibaba ambushes the 40 thieves

By: Miguel A. Rodriguez

09:45, 14 September 2020

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Alibaba's Jack Ma sells $8.2 billion in shares.

  • Alibaba co-founder Jack Ma has cut his stake in the company over the past year to 4.8% from 6.2%, cashing out around $8.2 billion at its current share price
  • Crypto financial app #Abra has settled charges from the SEC and CFTC relating to its offering of swaps deemed unlawful by the regulators
  • The S&P 500 and Nasdaq ended lower, pulled down by Amazon, Microsoft, and other recent big-name leaders of Wall Street’s recent rally

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