Weibo Stock News

The Cyberspace Administration of China (CAC) fined Weibo Corp (NASDAQ:WB) three million yuan -- or $471,000 -- a decision that's putting serious pressure on the shares this morning.

Chinese stocks declined on Tuesday, tracking other losses in Asia-Pacific markets, as the omicron variant returned to focus. Meanwhile, bitcoin prices continued to tumble after some losses overnight.

China slapped social media platform Weibo Corp (NASDAQ: WB) with a 3 million yuan ($0.47 million) fine by China's internet regulator for repeatedly publishing illegal information, Reuters reports.

CNBC's Eunice Yoon joins 'Squawk Box' to report on Weibo shares, which are tumbling after its operator was slapped with fines from Beijing.

Weibo shares drop 9% as regulator fines its operator On Tuesday, Chinese social networking Weibo shares (listed in Hong Kong) fell more than 9%. This happened as regulators fined its operator three million yuan, equal to $471,152. China’s Cyberspace Administration declared on its official WeChat account that they fined the operator BJ Weimeng Innovation and […] The post Weibo shares drop 9% as regulator fines its operator appeared first on FinanceBrokerage .

Internet watchdog says company published "illegal" information

SHANGHAI (Reuters) – Chinese social media platform Weibo Corp has been slapped with a 3 million yuan ($470,000) fine by China’s internet regulator for repeatedly publishing illegal information.

Shares of Chinese social networking giant Weibo tumbled more than 9% on Tuesday, as its operator was fined three million yuan ($471,151) by regulators.

Chinese social media platform Weibo Corp has been slapped with a 3 million yuan ($470,000) fine by China's internet regulator for repeatedly publishing illegal information.

The trading price of Weibo Corporation (NASDAQ:WB) closed higher on Friday, December 10, closing at $31.65, 0.41% higher than its previous close. >> 7 Top Picks for the Post-Pandemic Economy

Weibo Co. (NASDAQ:WB) has received an average recommendation of Buy from the eight ratings firms that are currently covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have updated []

Weibo Co. (NASDAQ:WB) shares gapped down prior to trading on Wednesday after The Goldman Sachs Group lowered their price target on the stock from $54.00 to $44.50. The stock had previously closed at $33.48, but opened at $32.53. The Goldman Sachs Group currently has a neutral rating on the stock. Weibo shares last traded at []

Weibo (NASDAQ:WB) had its price objective lowered by stock analysts at The Goldman Sachs Group from $54.00 to $44.50 in a research note issued to investors on Wednesday, The Fly reports. The firm presently has a neutral rating on the information services providers stock. The Goldman Sachs Groups price target indicates a potential upside of []

HONG KONG, Dec 9, 2021 (ACN Newswire) On December 8, 2021, Weibo officially The post Weibo Secondary Listing in Hong Kong, Investors Optimistic about Its Investment Value first appeared on IT Business Net .

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