Yahoo stock crashes
Yahoo shares fall sharply in the hours after Alibaba’s debut. At one point during the day the stock price of the U.S. internet company, which has a stake in Alibaba worth around $38 billion, indicates that its core business is worth less than zero – at around minus $0.50 a share.
$YHOO down 2.4% while $BABA is stabilizing near opening price. Buy the rumor, sell the news? http://t.co/YR42KCdDQh pic.twitter.com/JXKhQ5xYSr
— MarketWatch (@MarketWatch) September 19, 2014