Shares of Alibaba Group Holding (BABA) are trading -5% lower at a price of $103.705 at the time of this writing.

Alibaba Group Holding has been trading between a 52-week high of $216.6 and a 52-week low of $73.28. The stock has a market cap of $281 Billion.

Alibaba Group's mission is to make it easy to do business anywhere. The company aims to build the future infrastructure of commerce. It envisions that its customers will meet, work and live at Alibaba, and that it will be a good company that lasts for 102 years.

Alibaba to Cut Over a Third of Its M&A Staff in Response to Regulatory Pressure - Report
Investing.com 07-14-22

Alibaba cuts deals team staff in response to regulatory crackdown
Charged Retail 07-14-22

Alibaba cuts a third of deals team staff after regulatory crackdown: report
Economic Times India 07-14-22

Alibaba cuts down in-house deals team size amid regulatory crackdown pressures
Seeking Alpha 07-14-22

EXCLUSIVE Alibaba cuts a third of deals team staff after regulatory crackdown-sources
Reuters 07-14-22


As you can imagine, the internet had a few things to say about the price move. Here's a few choice comments from the Reddit Traderverse™:

lax_street - 6 upvotes - source
someone's BABA just got liquidated hahaha

VisualMod - 5 upvotes - source
>\*Alibaba Executives Called In for Talks by Shanghai Government Over Massive Police Data Theft, Sources Say -- WSJ $BABA ^\*Walter ^Bloomberg ^[@DeItaone](http://twitter.com/DeItaone) ^at ^2022-07-14 ^11:34:35 ^EDT-0400

ntdmp18 - 5 upvotes - source
Why is baba up 1% but spy down 1.5. Duck me in particular right

Awesome____Sauce - 5 upvotes - source
RIP jack baba

Ratchet_as_fuck - 4 upvotes - source
Anybody else see BABA dip a dollar in oven second?

pupperonipizza90 - 4 upvotes - source
Wow BABA at $500 in kazakhstan market.

MONEYMIKE_Bx - 4 upvotes - source
BABA??

Dxtuned - 3 upvotes - source
baba go byebye

I_Own_A_Fedora_AMA - 3 upvotes - source
is BABA delisted yet?

Valhall_Awaits_Me - 3 upvotes - source
BABA got called into the principals office