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‘No one is dying from COVID anymore, but we might die because of the zero-COVID policy.’ Protests expand in China over lockdowns.

A fire that killed at least 10 people on Thursday in northwestern China’s Urumqi city has led to a new round of protests online and offline.

Weibo: Look Beyond The Third Quarter

It was a mixed quarter for Weibo in Q3 2022. Read this article to see why I upgrade my rating on WB's shares from a Hold to a Buy.

Why Weibo Stock Fell, Then Jumped, on Thursday

Weibo (NASDAQ: WB) shareholders had a volatile trading day on Thursday as the stock fell as much as 12% in early trading before jumping back into positive territory by 1 p.m. ET. The wider market declined 0.6% in that time. Thursday's moves came as investors reacted to the company's third-quarter earnings report, which showed significant sales declines.

Weibo Corporation (WB) Q3 2022 Earnings Call Transcript

Weibo Corporation (NASDAQ:NASDAQ:WB) Q3 2022 Results Conference Call November 17, 2022 06:00 AM ET Company Participants Sandra Zhang - IR Gaofei Wang - Chief Executive Officer Fei Cao -...

15 Most Valuable Social Media Companies in the World

In this article, we will discuss the 15 most valuable social media companies in the world. You can skip our detailed analysis of these companies, and go directly to 5 Most Valuable Social Media Companies in the World. We prepared this article back in July this year. We listed the most valuable social media companies […]

Weibo Shares Drop After Q3 Miss; Revenue Declined 25%, Margins Shrank As Economic & Regulatory Headwinds Take Toll

Weibo Corp (NASDAQ: WB) reported a third-quarter FY22 revenue decline of 25% year-on-year to $453.6 million, missing the consensus of $470.3 million. Revenue declined 20% Y/Y on a CC basis. Segments: Weibo's Advertising and marketing revenues fell 27% Y/Y to $393.4 million. Value-added service (VAS) revenues decreased 14% Y/Y to $60.1 million. Drivers: Monthly active users (MAUs) increased by 11 million Y/Y to 584 million in September 2022, while Average daily active users (DAUs) rose 5 million

Weibo Reports Third Quarter 2022 Unaudited Financial Results

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 third quarter ended September 30, 2022.

Chinese social media users have discovered a way to bash the country’s zero-COVID strategy online 

The Chinese government’s censors have worked to quickly eradicate criticisms of its controversial zero-COVID strategy from circulation.

Shanghai bourse unit suffers temporary glitch in a market data system

A Shanghai Stock Exchange (SSE) unit said on Wednesday a market data system had resumed normal service following a temporary glitch that had led to abnormal data being supplied to information providers. In early trading on Wednesday, some investors complained in social media of abnormal data on various stock trading platforms, which affected their investment. The SSE InfoNet Ltd, which provides data services to SSE, brokerages, and investors, said in a statement that following warning signals generated by its "Level-2" market data system at 9:45 a.m. local time (0145 GMT), the company switched to an emergency backup system, and the services turned normal before afternoon trading.

Tencent, Baidu, Weibo downgraded by Morningstar ESG unit over censorship

Sustainalytics, the environmental, social and governance (ESG) ratings unit of U.S. financial services group Morningstar, has downgraded Tencent Holdings, Baidu and Weibo Corp over their role in China's expanding control of its internet. The move, which was made in recent months, prompted at least one U.S. asset manager, WisdomTree Investments, to delete the firms from two of its indexes during its latest annual rebalance, according to a Oct. 24 post by WisdomTree.