$BABA lawsuit is not political via /r/wallstreetbets #stocks #wallstreetbets #investing


$BABA lawsuit is not political

American neckbeards assume that this is politically motivated but it's not.

All Chinese tech companies have been engaged in anticompetitive practices for twenty years.

As an example, you cannot link to Taobao from WeChat because Tencent blocks it. And vice versa.

This is an open and shut case.

Similarly, the blocked ANT IPO was reasonable because they were creating a Chinese version of the 2008 financial crisis with their overleveraged loan business.

Got fucked on futures, still holding the stock and buying more in January.

Submitted December 25, 2020 at 02:34AM by yourexecutive
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