Yesterday, Alibaba -China’s largest online commerce site went public on the New York Stock Exchange under symbol BABA.
Jeff Eats just happened to catch CNBC’s interview with Alibaba’s CEO moments after the stock opened for trading. You would have sworn from the tone of the interview that Jim Cramer and his buddies had just witnessed the Second Coming Of Christ. Ridiculous- these guys are suppose to be reporters not groupies!
Jeff Eats has never ever seen a Chinese person eating in a kosher deli- nor for that matter, a Chinese company with “books” that were 100% legit.
Time will tell…
By the way, BABA closed just under $94 on its first trading day!