NEW YORK (TheStreet) -- Yesterday, Chinese e-commerce giant Alibaba made the announcement many investors have been waiting for: The company has filed to go public. Here we go again.
Each time another one of the hot technology, e-commerce or social-media company files its registration statements, I cringe. Each seems to be bigger than the last, and in Alibaba's case, that pattern is likely to continue.
That is not to diminish what the company has accomplished so far. Getting to this point would have been unthinkable 10 or 15 years ago. But, still, the prospect of owning a piece of the company that is said to control up to 80% of China's e-commerce may be thrilling to some investors, but not to yours truly.
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