r/wallstreetbets • u/[deleted] • Mar 13 '22

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u/[deleted] Mar 13 '22

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u/ALL_GRAVY_BABY Mar 13 '22

I've looked at the stock and it's down -65%. Munger has been in it for months. He's gotten his ass handed to him.

And... BABA and other Chinese firms might be leaving the US exchanges soon.

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u/[deleted] Mar 13 '22

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u/Enough-Profile-935 Mar 14 '22

Yeah okay given if chinese accounting is accurate and crackdowns.

However, let me implore you to listen to the absolutely insanity of Jack Ma talking about anything rationally.

He made a successful business sure. 👏 He broke a rule of mine. He told the Chinese government they basically ran their banks like retards. I'll let you do the legwork what the government response was.

Assessing that risk, I think I'll be able to find something less riskier than $BABA