WB - Weibo Corporation
41.60 -0.10 (-0.24%)
After hours: 5:51PM EST
| Previous close | 41.43 |
| Open | 41.61 |
| Bid | 41.44 x 1800 |
| Ask | 41.76 x 1800 |
| Day's range | 40.77 - 41.71 |
| 52-week range | 34.26 - 74.68 |
| Volume | 1,432,550 |
| Avg. volume | 2,044,233 |
| Market cap | 9.384B |
| Beta (3Y monthly) | 2.22 |
| PE ratio (TTM) | 16.72 |
| EPS (TTM) | 2.49 |
| Earnings date | 13 Nov 2019 |
| Forward dividend & yield | N/A (N/A) |
| Ex-dividend date | N/A |
| 1y target est | 52.48 |
- Bloomberg
China Crypto Crackdown Elicits Binance, Tron Weibo Appeal
(Bloomberg) -- Crypto giants Binance Holdings Ltd. and Tron have been banned on China’s largest micro-blogging service amid what appears to be fresh steps to crack down on digital currency trading.The official accounts of exchange operator Binance and blockchain platform Tron were suspended by Twitter-like Weibo last week. At the same time watchdogs in Shanghai issued notices calling for a cleanup of companies involved in cryptocurrency trading, while one in Beijing warned against illegal exchange operations.The latest crackdown came after President Xi Jinping urged faster development of blockchain last month, hailing it as one of the core technologies requiring China-led innovations. Xi’s remarks spurred companies to jump on the blockchain bandwagon to drive share prices. State media have warned against the frenzy.The Shanghai headquarters of China’s central bank and the city’s financial regulator said in a notice they co-signed on Nov. 14 that local government agencies should work with any companies under their supervision that are tied to cryptocurrency to exit such business immediately, Bloomberg News has reported.A Binance spokeswoman said Monday that Weibo suspended the exchange’s account last Wednesday, before the notice was issued, adding that the social media platform didn’t give a reason. Binance is appealing the decision, she said. Tron founder Justin Sun told Bloomberg on Monday that he doesn’t think the Weibo account shutdown is related to the government notice. Tron is working to restore the account.Weibo didn’t respond to requests for comment.In the notice, the Shanghai regulators cited an order from China’s top internet-finance watchdog, which they said is concerned about the resurgence of speculative bubbles after the recent promotion of the blockchain technology that underpins cryptocurrencies such as Bitcoin.A representative with the Shanghai branch of the People’s Bank of China confirmed the authenticity of the notice, which has been circulating online, but referred to the city’s financial-stability office for comment. Calls to that office went unanswered.A separate announcement, published on the website of Beijing’s financial regulator on the same day, warned against the risks of illegal operations of financial-asset exchanges in the capital -- but didn’t cite crypto specifically.Bitcoin fell 0.3% on Tuesday to $8,191 as of 8:08 a.m. Hong Kong time, dropping a fifth straight day amid concern about China’s restrictions.Read more: From Pigs to Party Fealty, China Harnesses Blockchain PowerWhile China is an avid supporter of blockchain -- the central bank is working on its own digital currency -- authorities have waged a two-year campaign to restrain crypto activities amid concerns like speculation, fraud and capital flight. In 2017, China ordered an end to exchange trading of digital currencies, but trades are still rampant through alternatives like over-the-counter channels offered by exchanges Huobi and OKEx. Malta-based Binance also recently started to host OTC yuan trading.“We want to follow the recommendations very closely, and we want to promote the blockchain research and development,” Binance Founder and Chief Executive Officer “CZ” Zhao Changpeng told Bloomberg Television last week about its China strategy. “We just want to help where we can.”Zhao said Binance doesn’t have an office in Beijing, following a recent report from industry publication CoinDesk that it’s planning to open one that cited two unnamed sources. The Binance spokeswoman said Monday that the exchange doesn’t have fixed operations in mainland China at the moment.As for Tron, its controversial Chinese founder apologized in July for “excessively” promoting his charity lunch with Warren Buffett, noting it raised concerns among authorities. The lunch that Sun had won with a more than $4.6 million bid at auction was delayed and still appears not to have been rescheduled.(Updates Bitcoin level in 10th paragraph.)\--With assistance from Joanna Ossinger.To contact the reporter on this story: Zheping Huang in Hong Kong at zhuang245@bloomberg.netTo contact the editors responsible for this story: Joanna Ossinger at jossinger@bloomberg.net, Colum Murphy, Dave LiedtkaFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Simply Wall St.
US$50.08: That's What Analysts Think Weibo Corporation Is Worth After Its Latest Results
It's been a sad week for Weibo Corporation (NASDAQ:WB), who've watched their investment drop 19% to US$43.55 in the...
- Zacks
Weibo Corp (WB) Q3 Earnings Top Estimates, Revenues Rise Y/Y
Weibo's (WB) third-quarter 2019 results reflect expanded user base and higher advertising revenues.
- Zacks
What's in the Cards for Weibo (WB) This Earnings Season?
Weibo's third-quarter 2019 results are likely to benefit from an expanded user base and increase in advertising revenues.
- Simply Wall St.
Here's What Weibo Corporation's (NASDAQ:WB) ROCE Can Tell Us
Today we'll evaluate Weibo Corporation (NASDAQ:WB) to determine whether it could have potential as an investment idea...
- Market Realist
TikTok Sets Google and Weibo on a Collision Course
Google (GOOGL) might acquire video app Firework in a bid to counter TikTok, according to a Wall Street Journal report on October 4.
- Simply Wall St.
Here's What Weibo Corporation's (NASDAQ:WB) P/E Ratio Is Telling Us
Today, we'll introduce the concept of the P/E ratio for those who are learning about investing. To keep it practical...
- Simply Wall St.
Want To Invest In Weibo Corporation (NASDAQ:WB)? Here's How It Performed Lately
In this commentary, I will examine Weibo Corporation's (NASDAQ:WB) latest earnings update (30 June 2019) and compare...
- Zacks
Weibo (WB) Catches Eye: Stock Jumps 5.8%
Weibo (WB) saw a big move last session, as its shares jumped nearly 6% on the day, amid huge volumes.
- Motley Fool
Weibo Expands Its Ecosystem With an Instagram Clone
“China’s Twitter” launches a new lifestyle app which resembles Instagram and Pinterest.
Motley FoolWeibo's Second-Quarter Earnings Fell 26%
The "Twitter of China" added 21 million users in the quarter, but ad fees are dropping amid heavy competition.
- Simply Wall St.
Shareholders Are Thrilled That The Weibo (NASDAQ:WB) Share Price Increased 112%
The most you can lose on any stock (assuming you don't use leverage) is 100% of your money. But when you pick a...
- Motley Fool
The Good and Bad of Chinese Media Stocks
Not all streaming companies are made equal, and some of the Chinese media companies are set up for a lot more success than others.
- Motley Fool
Is It Finally Time to Buy SINA and Weibo?
Are these two beaten-down Chinese tech stocks finally ready to rebound?
- Motley Fool
SINA Smashes (Modest) Expectations on Non-Ad Growth
Weibo and fintech products continued to bolster the Chinese internet media leader's results.
- Motley Fool
Why Weibo Shares Jumped 15% Today
The so-called Twitter of China posted solid second-quarter results.
Motley FoolWeibo Corporation (WB) Q2 2019 Earnings Call Transcript
WB earnings call for the period ending June 30, 2019.
- Simply Wall St.
What Should We Expect From Weibo Corporation's (NASDAQ:WB) Earnings In The Next 12 Months?
Looking at Weibo Corporation's (NASDAQ:WB) earnings update in March 2019, analyst forecasts seem fairly subdued, as a...
- Motley Fool
3 Stocks Peter Lynch Would Love
The top investor regularly outperformed the stock market betting on companies like these.
- Zacks
3 Cloud Stocks to Buy for July
Check out these 3 Zacks buy-ranked cloud stocks to consider for July...
- Simply Wall St.
Can Weibo Corporation's (NASDAQ:WB) ROE Continue To Surpass The Industry Average?
Many investors are still learning about the various metrics that can be useful when analysing a stock. This article is...
- Motley Fool
Tencent and Weibo Are the Gatekeepers to China's Luxury Market
Mini programs and celebrities are locking in shoppers and advertisers.
Reuters VideosPanda death in Thailand sparks outrage in China
China is sending a team of experts to Thailand - after the death of one of its panda diplomats sparked outrage on social media. Chuang Chuang died in a Thai zoo on Monday (September 16). Chinese social media lit up with outrage at the unexpected death, with a hashtag drawing in 250 million views on Weibo. One user said 'Thailand is so evil... we shouldn't be renting out pandas after this!' Beijing has been engaged in what's often dubbed panda diplomacy since the 1950s. Using their iconic bears as signs of goodwill across the world. President Xi recently presented Russia's president Putin with two furry ambassadors in Moscow. In France, President Macron's wife was named godmother of a feisty young cub back in 2017. Now Chinese Weibo users are saying 'no more pandas for Thailand'. Zoo staff held a moment of silence ahead of a news conference on Tuesday (September 17). One zookeeper said the staff loved and nurtured Chuang Chuang, and hopes everyone will miss him like they do. The cause of his death is still unknown. The zoo says they can't perform an autopsy on the 19-year-old until the Chinese authorities arrive on Thursday (September 19). Pandas generally live around 14 to 20 years in the wild, and up to 30 in captivity - according to the WWF.
