Alibaba had total revenues of 5. 5 billion in the nine months ending december 1. The company is profitable, with net income of 2. 9 billion in the last nine months of last year. Jack ma with have just uner 9 , the vice chairman will own 3. 6 . Yahoos stake is 22 when six percent. For more on alibaba, i want to bring in our editoratlarge, cory johnson. We spoke with our senior west coast correspondent Jon Erlichman. The scale of the business is something we have known about for a long time. The prior commentator i completely agree with. The upside for them is mobile. It really has to do with the transition of the chinese market. Their market is slightly behind us in mobile adoption. It is normal that that kind of customer mix would be in place right now. It is an absolute upside for them. You have been looking at some of the companies that alibaba has been buying. Walk us through that and how that plays here. They dont get into a lot of detail in the ipo filing, but you are absolutely r
5. 5 billion in the nine months ending december 1. The company is profitable, with net income of 2. 9 billion in the last nine months of last year. Vice chairman will own 3. 6 . Yahoos stake is 22 when six percent. For more on alibaba, i want to bring in our editoratlarge, cory johnson. We spoke with our senior west coast correspondent Jon Erlichman. The scale of the business is something we have known about for a long time. The prior commentator i completely agree with. The upside for them is mobile. It really has to do with the transition of the chinese market. Their market is slightly behind us in mobile adoption. It is normal that that kind of customer mix would be in place right now. It is an absolute upside for them. You have been looking at some of the companies that alibaba has been buying. Walk us through that and how that plays here. They dont get into a lot of detail in the ipo filing, but you are absolutely right. It is interesting as you look through this filing, it is not
Vice chairman will own 3. 6 . Yahoos stake is 22 when six percent. For more on alibaba, i want to bring in our editoratlarge, cory johnson. We spoke with our senior west coast correspondent jon erlichman. The scale of the business is something we have known about for a long time. The prior commentator i completely agree with. The upside for them is mobile. It really has to do with the transition of the chinese market. Their market is slightly behind us in mobile adoption. It is normal that that kind of customer mix would be in place right now. It is an absolute upside for them. You have been looking at some of the companies that alibaba has been buying. Walk us through that and how that plays here. They dont get into a lot of detail in the ipo filing, but you are absolutely right. It is interesting as you look through this filing, it is not just the story of marketing to investors, it is the story of marketing to anyone who could potentially be a user of the various alibaba services. I
Comcast and Time Warner Cable are defending their merger proposal on capitol hill today. There is a hearing of executives, antitrust experts, cable industry lobbyists and more as they try to get a grip on whether this deal could ultimately help or hurt american consumers. Congress itself holds no power to approve or deny the merger, but its important could help siu sway the two agencies making this decision, the federal commissions the sec and the Justice Department. The fcc and the Justice Department. I cannot only will the merger drive the new comcast not only will the merger drive the new comcast, but also its competitors. Consumers will clearly be the beneficiaries. But former Justice Department alan groom painted a much different teacher. This merger is very likely illegal. The parties know it, and that is why they are here talking about how they plan to fix it. But im here to tell you what it is illegaly and why the fix doesnt cut it. Joining us now on capitol hill is bloombergs
Effectively abandon Net Neutrality. We will speak with former longtime fcc commissioner michael copp. He author, astra taylor it turns out [indiscernible] rich tend to get richer online. An treat ande share, the appearance of a quality online is far more elusive than people like to admit. But the 50th anniversary of the worlds fair in new york will stop this fair represents the most promising of our hopes. They gathers together from 80 ies the achievements of industry, the health of nation, the creation of man. This shows us what man at his most creative and constructive is capable of doing. We will speak with norman and than 700l who led war protesters demanding fair hiring practices at the worlds fair and called on president johnson passed the Civil Rights Act. All of that and more coming up. This is democracy now , democracynow. Org, the war and peace report. Im amy goodman. Ukraine is warning it will continue efforts to retake control of eastern areas despite. Arnings from russia t