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Market
Will Alibaba's stock price rise by more than 5% by the end of 2024?
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Resolution / Starting Odds
Yes • 50%
No • 50%
Publicly available stock market data from financial news outlets or stock exchange listings
Story
Alibaba to Pay $433.5 Million to Settle 2020 U.S. Shareholder Lawsuit Over Monopolistic Practices
Oct 28, 2024, 01:09 AM
Alibaba has agreed to pay $433.5 million to settle a U.S. class-action lawsuit filed by investors. The lawsuit, filed in 2020, alleges that Alibaba engaged in monopolistic practices, which hurt investors by making misstatements about its exclusivity practices. Despite agreeing to the settlement, Alibaba denies any wrongdoing related to the allegations. The settlement was announced on October 25, 2024, and has led to a 2.1% rise in Alibaba's stock price as of 9:33 a.m. on October 28, 2024.
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Increase by more than 20% • 25%
Increase by 10%-20% • 25%
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