{UAH} Company You've Never Heard Of Is Now Bigger Than Facebook ~ Ugandans At Heart (UAH)

{UAH} Company You've Never Heard Of Is Now Bigger Than Facebook

http://m.huffpost.com/us/entry/5850374

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Company You've Never Heard Of Is Now Bigger Than Facebook

Mark Gongloff

The Huffington Post 09/19/14 12:05 PM ET

The Chinese company Alibaba started trading on the New York Stock Exchange Friday after the biggest initial public offering in human history. It immediately won ALL OF THE MONEYS.

At its opening price of $92.70 a share -- representing an immediate 36 percent windfall for insiders who got the stock at its $68 IPO price -- the company was worth about $228 billion, or more than Facebook, finance blogger/conspiracy theorist Zerohedge tweeted:

The stock briefly shot to $99 a share, which made it BIGGER THAN FREAKING WALMART:

We will keep you updated on this extremely important story that will have no meaningful impact on your life -- at least not until Alibaba, which is sort of like Amazon.com except with40 other companies bolted-on, fully takes over the Internet.

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Sent from my BlackBerry 10 smartphone.

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