Alibaba Spins Itsself Out Into Six Different Independently Run Companies

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Alibaba announced it will spin itself out into six different independently run companies. The stock is up 13% on the news. This is coming at a super interesting time because the Alibaba co-founder Jack Ma was just seen in China for the first time in over a year earlier this week. And do you remember what happened to Jack Ma? We talked about it earlier. He disappeared. So he's back and they're breaking the company up. That's too powerful of an asset. They're getting, is this where the data comes into play that you were talking about previously? That's a good theory. Yeah.

Producer Rachel joins Jason to break down the latest tech news. They cover AOC's arguments against banning TikTok (2:29), Alibaba's six-way split (18:43), Disney's metaverse cuts (28:17), Substack's equity crowdfunding (39:16), Lyft's precarious position, and more! (55:09) Then, Jason breaks down the case for shorting Coinbase. (1:12:14)

(0:00) Jason kicks off the show

(2:29) Reacting to AOC's arguments to not ban TikTok

(13:39) LMNT - Get a free sample pack with any purchase at http://drinklmnt.com/TWIST

(15:09) The CCP’s interest in TikTok

(18:43) Alibaba's six-way split

(26:49) Mercury - Banking built for startups. See more at https://mercury.com/twist

(28:17) Disney sunsetting its Metaverse division

(38:09) Crowdbotics - Get a free scoping session for your next big app idea at http://crowdbotics.com/twist

(39:16) Substack's equity crowdfunding

(55:09) Lyft's precarious position

(1:04:18) Twitter shutters legacy verification badges

(1:12:14) Laying out the Coinbase short argument