
Stock in Focus: Facebook (NASDAQ FB) Gets Surpassed By Alibaba, On Alibaba’s first Day
Alibaba Group Holding Ltd (NYSE BABA) was off and running at the New York Stock Exchange, and investors wasted no time in diving in. Shares opened up at just under $93 a share, granting the Chinese online retailer a market value of $228.5 billion. On its very first trade on the New York Stock Exchange, Alibaba Group surpassed Facebook (NASDAQ FB) in market cap. Alibaba … Continue reading Stock in Focus: Facebook (NASDAQ FB) Gets Surpassed By Alibaba, On Alibaba’s first Day