![BABA closes Thursday down more than 9% BABA closes Thursday down more than 9%](https://shmi.ir/wp-content/uploads/2023/11/BABA-closes-Thursday-down-more-than-9-150x203.jpg)
Share: BABA stock loses 9%, moving below $80. Revenue for the fiscal Q2 misses consensus by $230 million. Management decides against spinning off the cloud business for now. Alibaba issues a $1 annual dividend to holders of ADS shares. Alibaba (BABA) stock closed at $79.10, down 9.15%, on Thursday. The market did not appreciate the