Why Alibaba Just Lost $100 Billion in Market Value

What happened
Shares of Alibaba (NYSE:BABA) took a dive today after the Chinese government said it would open up an antitrust investigation into the tech giant. The news comes just weeks after Beijing blocked the IPO of Ant Group, Alibaba’s fintech subsidiary, a further sign that the ruling Chinese Communist Party (CCP) is seeking to thwart Alibaba Founder Jack Ma’s power.

In a shortened session, Alibaba stock closed down 13.4%, wiping off approximately $100 billion from its market cap.

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Dad dressed as Buddy the Elf surprises mortified daughter at school

Perhaps this elf should have been shelved.

An overeager dad dressed in a full-on Buddy the Elf costume — from the 2003 Will Ferrell movie — to pick up his daughter after school, and her mortified reaction was priceless.

“Oh, my goodness, it’s Alayna!” Gregory Sumsion shouted at his high-schooler while wearing the yellow and green outfit and curly wig. “I know her! I know her!” he continued as he approached his shocked daughter,

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Kirk Cameron Hosts New Maskless Christmas Caroling Event To Protest Stay-At-Home Order

Onetime Growing Pains star Kirk Cameron hosted yet another Christmas caroling protest with unmasked singers in close proximity. Local news reports pin the number of attendees at about 100. The event was held in the parking lot of The Oaks Mall in Thousand Oaks. It’s the third such event the Fireproof actor has held this December.

Meanwhile, Covid-19 is hitting Ventura County — where the mall is located — hard. The county recently reported its highest-ever number of daily new Covid-19 infections,

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Festivus, the ‘Seinfeld’ holiday focused on airing grievances, is for everyone this year

For those folks who may be finding that holiday cheer is harder to come by this year, there is an alternative to the cheery decking of the halls. There is an available option to celebrate a holiday and maintain a healthy dose of grumpiness.

That’s right, there is Festivus.
December 23 is Festivus, a day reserved in history for all who feel that the normal holiday traditions don’t quite fit the bill this year.

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Playboi Carti’s Long-Awaited Album Whole Lotta Red Drops This Christmas

Oh, look, a reason to celebrate! This Christmas, Playboi Carti is giving fans the greatest gift of all: an album release. The Atlanta rapper has officially announced the release of his long-awaited album Whole Lotta Red, set to drop on Christmas like Santa down the chimney. It’s Iggy Azalea’s ex’s first project since he dropped the ad-lib masterpiece Die Lit in May 2018. The title for his follow-up was first revealed on Instagram in August 2018.

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Washington Football Team aware of Dwayne Haskins’ maskless images; QB apologizes

The Washington Football Team said it is aware of pictures on social media showing quarterback Dwayne Haskins not wearing a mask while attending an event with strippers.

The team said Tuesday it will handle the incident internally.

Haskins tweeted an apology, saying he spoke with coach Ron Rivera on Monday and “took full responsibility for putting the team at risk. It was irresponsible and immature and I accept responsibility for my action.”

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Second Stimulus Checks: When Will They Arrive, How Much Will They Be?

Congress is likely to vote soon to authorize a second round of stimulus payments to households. There are many similarities to the ones that were paid in the spring but also some important differences. Here is what we know about them, though things could change as Congress releases details of the legislation and the government implements the program.

When will the second stimulus payments arrive?

Treasury Secretary Steven Mnuchin said Monday the first batch of payments could go out at the beginning of next week.

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Pass-rushing great, Hall of Famer Kevin Greene dead at 58

A blur of a blonde mane, ferocious intention and tenacity off the edge, Kevin Greene’s historic levels of success came more from determination and passion for the game than any otherworldly physical attributes.

He was a character for the autumns, who roared when he spoke and with his play, grinned ear to ear and had wide eyes when a quarterback was near.

One of the most prolific pass rushers to ever grace the gridiron,

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New York Jets (1-13) beat Los Angeles Rams, but no longer front-runners for No. 1 pick

The New York Jets won a football game on Sunday for the first time in 358 days, but they might have suffered a loss that will be felt a lot longer than that.

With a 23-20 upset of the Los Angeles Rams, the Jets (1-13) relinquished their front-runner position for the No. 1 overall pick in the 2021 NFL draft.

The Jets and Jacksonville Jaguars have the same record, but the Jaguars own the tiebreaker edge because they have played the weaker schedule.

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Ariana Grande Announces Engagement to Dalton Gomez

The pop star Ariana Grande is engaged to the luxury real estate agent Dalton Gomez, she announced on Instagram on Sunday.

Sharing photos of herself with Mr. Gomez (and a diamond and pearl ring), she captioned her post, “forever n then some.”

Ms. Grande had hinted at her relationship with Mr. Gomez over the past year, tucking photos with him into stacks of images shared on Instagram.  A music video for her collaboration with Justin Bieber on “Stuck With U,” a nod to quarantine,

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