Why Alibaba (BABA) Stock is Down Today

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Charlie Munger-tied Daily Journal (DJCO) Slashes Alibaba (BABA) Stake by 50%

April 12, 2022 6:29 AM EDT

Daily Journal (NASDAQ: DJCO) has halved its stake in the Chinese e-commerce company Alibaba Group, according to a regulatory filing.

The filing showed that Daily Journal held 300,000 Alibabas American depositary shares ($32.6 million) as of March 31, down from 602,060 shares it... More