The v I E for Ali Baba Is a Thing of Art.

Jasen: The capital markets are now, i think, getting a really constraint. When they cancelled the on line tutoring v i es, the stock prices basically went to zero. So you could vicerate two trillion dollars of market cap to morrow,. Ifo look at the v i e structure for baba, i mean, it is a fucking babushka doll of nesting entities and this or that. I don't know how any investor who bought an ali baba actually took the time to understand what they were actually buying. They suspended disbelief because they were greedy.