dropped-below Archives

Alibaba drop leaves stock pennies above IPO price

August 21, 2015 creative alibaba, alibaba-group, below-the-price, breaking-below, china, dropped-below, firm-the-second, global-slowdown, hangzhou, largest, potential-move, price, san, seen-inside, underwriters

By Noel Randewich SAN FRANCISCO (Reuters) – Shares of Alibaba Group Holding Ltd fell 3 percent on Friday and were perilously close to breaking below the price set in the largest IPO in history as fears of a China-led global slowdown rattled investors. A potential move below $68 would make China's largest e-commerce firm the second high-profile tech company to fall below its IPO price this week after Twitter Inc on Thursday dropped below its 2013 IPO price.

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California man, 19, charged with ‘revenge porn’ against girls

August 21, 2015 creative alibaba-group, china, dropped-below, extort-underage, man-accused, potential-move, price, social-networking, underwear

A 19-year-old California man accused of posing as a modeling agent to dupe and extort underage girls into sending him naked pictures was charged on Friday with more than 150 criminal counts in what prosecutors called a “revenge porn” case. Cesar Mauricio Estrada-Davila is accused of preying on 21 girls between the ages of 12 and 17 between January and April of this year, Los Angeles County Deputy District Attorney Jon Hatami said in a written statement. Hatami said Estrada-Davila befriended his victims on a social networking site, telling them he was a modeling agent who could make them famous and asking for pictures in their underwear.