“Come Monday…” is a weekly series that will
involve a review of (or commentary about) websites, movies, documentaries,
television shows, sports, music, and whatever else may tickle my fancy at the
time. Be assured that these reviews will
be generally positive, as in accordance to the Jimmy Buffett song “Come
Monday.” This is subject to change,
however. In fact, I would be most
derelict in my duties to neglect going on a rant every once in a while. For rants promote change, and change can be
good—right? Therefore, since good is
generally considered as being a positive force in 99.3% of the parallel
universes that I am aware of, even a rant could be considered as being
something positive, and a genuine hissy-fit would be even better (so I’m told).
If you were
watching CNBC last Friday during the day, you watched quite an event being
broadcast live. For the time for the
much-anticipated IPO [Initial Public Offering] of stock for the [Alibaba Group]
was at hand.
Now, I am not about
to tell you what [Alibaba] is all about.
For I do not understand all that much about it, but I can tell you that
it reportedly has something or another to do with 85% of all Chinese e-commerce
at this time, which makes the conglomerlate a very big deal the world over.
Further proof of
Alibaba being a very big deal the world over can be found in the fact that reportedly
100 million shares of its stock traded hands in the first 10 minutes of trading,
which adds up to over 9.4 billion dollars changing hands (so to speak) with the
price of each share jumping from $68.00 to over $97.00 in the first couple of
minutes or so. Of course, my figurin’
ain’t always all that accurate since my trusty old solar-powered Casio
calculator done went and died on me a few years back, along with me never being
much of a hand with an abacus.
What I can tell you
about Alibaba is that it is being promoted as the online place to go if you
have idea for a product or business service.
For they will not only help you connect with buyers and sellers, they
will also help you find raw materials, a manufacturer and even funding for your
project!
Yeah, it almost
sounds too good to be true, but if you take a listen to what [Jack Ma] has to
say, you just might become a believer. Be assured that he made quite an impression
upon me, and it was a very good one, too!
Jack Ma is the
chief executive officer of Alibaba, and the vision he has for the company is
truly wonderful. For he wants to
help others be successful—not rule over a business empire that crushes all who
dare to stand in its way.
In some regards, he
may be a lot more like his hero than he thinks.
For [Forrest Gump] is his hero on account of remaining true to himself
despite whatever was happening around him.
For what I saw in the movie character was someone totally oblivious to
what was happening around him, and I think Mr. Ma may be a little oblivious to
the great threat of Chinese politics destroying all of the good he wants to
achieve. After all, with a simple change
of the political wind in China, Alibaba becomes totally nationalized while leaving outside
customers and investors with little—if anything at all.
Yeah, I suppose the
same thing could happen even here, but there is a history to sudden shifts in
policy toward business ventures in China.
Be assured that I am hoping Jack Ma and all others like him will win the
war for the benefit of us all.
Please Also Visit:
Ma will end up a rich prisoner if he upsets the wrong people.
ReplyDeleteThanks for stopping by, my dear Adullamite!!! Yeah, if he is not executed on the spot.
DeleteThis is the first I've heard of Alibaba but then I don't get out much either
ReplyDeleteThanks for stopping by, my dear Ann!!! I had been hearing mention of it on CNBC for quite some time, but I had not paid much attention before.
DeleteInteresting post. On a brighter more humorous side of things, I just saw This is where I leave you, with a fantastic as always. Jane Fonda as the mother- movie for all to be sure to see!
ReplyDeleteThanks for stopping by, my dear Karen!!! Yes, seeing Jane in that role makes us want to watch the movie when it gets down to our level of income. For we both loved her in Monster-In-Law with Jennifer Lopez a few years back.
DeleteI've heard about it but I'm not tech savy and can't claim to understand it.
ReplyDeleteThis I do not understand. Sounds iffy to me... Hallo Jerry, I'm back after a short break, catching up, catching up, catching up!
ReplyDeleteThanks for stopping by, my dear Shadow!!! Fly? Are you hipster? (LOL?)
DeleteA lot of money was made the other day by those who invested in Alibaba...I can't even afford one share! lol
ReplyDeleteThanks for stopping by, my dear Lee!!! I have been tempted for quite some time to get involved in stock-trading (on a very small scale to begin with, of course) but the more I watch CNBC, the more I have become convinced that most moves up and down have nothing to do with anything but some huge investors deciding to buy or sell a certain stock on a particular day. So, methinks it would be best for me to remain on the sidelines. Sigh.
Delete