Weibo Corporation Stock News

BEIJING , March 3, 2022 /PRNewswire/ -- Weibo Corporation ("Weibo" or the "Company") (NASDAQ: WB and HKEX: 9898), a leading social media in China , today announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2021 . "We closed 2021 on a solid note with decent growth of the fourth quarter, with strong execution of our growth strategies," said Gaofei Wang, CEO of Weibo. "In 2021, we have achieved solid growth of user community and engagement, leveraging Weibo''s unique advantage and competitiveness in the social media sector. On monetization, we surpassed the $2 billion mark in revenues for 2021 and further enhanced our operation efficiency, demonstrating strong recovery momentum and resilience of our business. Heading into 2022, we are dedicated to serving a broader community through enhancement of product functionalities and enrichment of content ecosystem, and driving value for customers to market efficiently and innovatively on our platform." Fourth Quarter 2021 Highlights Net revenues were $616.3 million , an increase of 20% year-over-year or an increase of 16% year-over-year on a constant currency basis [1] .

Companies Reporting Before The Bell • Travelzoo (NASDAQ: TZOO ) is expected to report quarterly earnings at $0.13 per share on revenue of $18.23 million. • Urban One (NASDAQ: UONEK ) is likely to report earnings for its fourth quarter. • Tile Shop Holdings (NASDAQ: TTSH ) is likely to report earnings for its fourth quarter. • Oxford Square Capital (NASDAQ: OXSQ ) is estimated to report quarterly earnings at $0.09 per share on revenue of $10.30 million. • Aurora Mobile (NASDAQ: JG ) is projected to report quarterly loss at $0.07 per share on revenue of $15.65 million. • Mobile TeleSystems (NYSE: MBT ) is estimated to report quarterly earnings at $0.19 per share on revenue of $1.69 billion. • LENSAR (NASDAQ: LNSR ) is estimated to report quarterly loss at $0.52 per share on revenue of $8.70 million. • Bluegreen Vacations (NYSE: BVH ) is likely to report quarterly earnings at $0.62 per share on revenue of $203.89 million. • Fulcrum Therapeutics (NASDAQ: FULC ) is projected to report quarterly loss at $0.

Weibo (NASDAQ:WB) is scheduled to announce Q4 earnings results on Thursday, Mar. 3, before market open.Consensus EPS estimate is $0.82 (-10.9% Y/Y)

A new regulation in China designed to rein in the use of recommendation algorithms in apps went into effect on Tuesday, representing Beijing’s latest effort to curb the influence of Big Tech companies in shaping online views and opinions.The rules come at a time when misinformation and fake news are running rampant on Chinese social media despite extensive government censorship. In recent days, platforms such as microblogging site Weibo, ByteDance’s short video-sharing app Douyin, and Tencent…

China has stuck to its position of refusing to call Russia’s military actions in Ukraine an “invasion” or condemn Moscow, but its people are taking to social media to express their feelings about the war. Over the past few days, Ukraine-related topics have become some of the top trending hashtags on Weibo, the bellwether for […]

China has stuck to its position of refusing to call Russia’s military actions in Ukraine an “invasion” or condemn Moscow, but its people are taking to social media to express their feelings about the war. Over the past few days, Ukraine-related topics have become some of the top trending hashtags on Weibo, the bellwether for […]

While Apple is yet to confirm or deny the news, a leaked schematic posted to Chinese social media site Weibo shows what the new feature could look like.

Weibo Corporation found using ticker (WB) have now 22 analysts covering the stock. The analyst consensus points to a rating of ''Buy''. The range between the high target price and low target price is between 70 and 34 with the average target price sitting at 51.62. Now with the previous closing price of 28.07 this is indicating there is a potential upside of 83.9%. The 50 day moving average now sits at 31.68 and the 200 day moving average is 44.83. The company has a market capitalisation of $6,637m. Find out more information at: https://ir.weibo.com [stock_market_widget type="chart" template="basic" color="green" assets=WB" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $12,205m based on the market concensus. Weibo Corporation, through its subsidiaries, operates as a social media platform for people to create, distribute, and discover content in the People''s Republic of China. It operates in two segments, Advertising and Marketing Services; and Value-Added Services.

Chinese ride-hailing giant Didi Global, which remains under a cybersecurity investigation by Beijing, has back-pedalled on its earlier decision to cease operations in Russia at a time when Western allies have started to close ranks against Moscow’s invasion of Ukraine.“Didi Chuxing will not shut down its operations in Russia,” the company wrote in a post on microblogging platform Weibo on Saturday, using its Chinese name. “We will continue to operate in Russia and serve the country’s drivers…

The following instructions leaked and have been distributed online. Effective immediately, re: Weibo posts related to Ukraine Send all posts from the Horizon News account first, then repost from the main [Beijing News] account in order to promote Horizon. Do not post anything unfavorable to Russia or pro-Western. Let me look at drafts before publication. []

Beijing [China], February 22 (ANI): Chinas social media platform Weibo has become a new front in Russia and Ukraine tensions with two hashtags trending on it. At number 7 is #Ukraine released a statement on Weibo which has a post from the Weibo account of the Ukrainian Embassy in China releasing a statement condemning the []

The netizen, Xie Minghao, accused JJ Lin and Taiwanese-American singer Wilber Pan of rape, taking drugs and evading taxes back in Aug 2021.

Weibo operates in an insulated industry and holds a considerable market share in China.

The Chinese authorities have deleted a message on the Chinese social network Weibo that referred to disappearance of Tang Jitian.

Starbucks Corporation (NASDAQ: SBUX ) is facing irate internet users in China after announcing price hikes. What Happened: On Thursday (Beijing Time), the People’s Daily reported that Starbucks price hikes dominated Weibo — a social media platform akin to Twitter. Starbucks price increases in China spanned RMB 1 to 2, generally. For a large cup of American-style iced black coffee, customers will now have to shell two extra renminbis. Netizens decried the price hike in what has become Starbucks’ fastest-growing and largest overseas market, as per People’s Daily — the official newspaper of the Central Committee of the Chinese Communist Party. An online commentator reportedly said that though the price increase was not … Full story available on Benzinga.com