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You know the old saying, "you've gotta spend money to make money?"
Historically, that plays out in one of two ways: you spend money and make more, or you go broke. Alibaba, like U.S. hyperscalers Meta and Amazon, is figuring it out the hard way.
Alibaba, China's Amazon, AWS, and PayPal all rolled into one, decided the best way to raise money for AI infrastructure is to dilute its shares: The company announced a $10.2 billion capital raise Monday morning.
Alibaba will sell 710 million shares at HK$112.70 (about $15). The stock immediately fell 10% on the news. Settlement and delivery should be completed in the next couple of days.
#money #shares #NVIDIA
You know the old saying, "you've gotta spend money to make money?"
Historically, that plays out in one of two ways: you spend money and make more, or you go broke. Alibaba, like U.S. hyperscalers Meta and Amazon, is figuring it out the hard way.
Alibaba, China's Amazon, AWS, and PayPal all rolled into one, decided the best way to raise money for AI infrastructure is to dilute its shares: The company announced a $10.2 billion capital raise Monday morning.
Alibaba will sell 710 million shares at HK$112.70 (about $15). The stock immediately fell 10% on the news. Settlement and delivery should be completed in the next couple of days.
#money #shares #NVIDIA
20 days ago
