Michael Burry is in the news for two reasons. One, he has revealed his Q1’2024 portfolio that shows Burry is once again swimming against the tide (more on that later). Second, amid the return of Roaring Kitty on Twitter, meme stock boys on Reddit and Twitter are recalling how Burry was the first notable investor […]
Alibaba's (BABA) fourth-quarter fiscal 2024 results reflect strength across the International commerce, local services and Cainiao logistics businesses.
On Tuesday, Alibaba Group Holding Limited (NYSE: BABA) reported its net profit took quite a dive during the fiscal fourth quarter, after already having a hard time throughout 2023 as it underwent its largest-ever corporate restructuring. Fourth Fiscal Quarter Highlights For the quarter ended on March 31st, Alibaba posted revenue grew 7% YoY to 221.9 billion yuan, which amounts $30.7 billion, as it boosted domestic e-commerce sales. But, Alibaba reported its net income attributable to ordinary sh