Alibaba Stock Keeps Falling as Analysts Rush to Cut Targets After Spinoff Ditched

By / / Finance / 1 minute of reading


Alibaba stock was on track for a second day of losses, after the Chinese tech giant revealed on Thursday that new U.S. export restrictions on chips are hurting its cloud computing business so much that it canceled plans to spin off the division.



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Avatar of Debra Byrd
Debra Byrd is a sportswriter and educator with a passion for technology. She writes about sports, education, and tech for In Happier News, and she's always looking for new ways to improve the student experience. She spends her free time writing, playing sports, and reading about the latest tech trends. She also loves traveling—especially when it involves visiting a new city or country with her husband, who is also a writer!

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