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Weibo paring gains after Bloomberg denies earlier report of $20B take private offer (update)

Jul. 06, 2021 7:57 AM ETWeibo Corporation (WB), BABABABA, WBBy: Joshua Fineman, SA News Editor14 Comments

Chinese Social Media with iphone X
4X-image/iStock Unreleased via Getty Images

  • Update 8:45am: Updates shares, adds denial report.
  • Weibo (NASDAQ:WB) is paring some of its gains, now up 12%, after Bloomberg reported that a report that Weibo is going private is "not true."
  • Earlier, Weibo gained

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Comments (14)

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Sell the news. I was in calls for past month that expired next week. Nothing wrong with waking up to a 10X play once in a while. On to the next! 🙂
InvestingIdeas profile picture
Odd timing, 23% short interest followed by going private talks.
Yang2020 profile picture
Wow all these pathetic Western shills.
Come get some shorties!
Bloomberg is the mouth of the CCP, so hard to trust them. They just write what they're told to.
@AverageInvestorAtBest WTF media company should write what they are told to, not to make up shit
Probably trying to get a "short squeeze" going
CEO Charles Chao is a scammer. He just screws Western investors. AVOID. He'll try to do a "take-under" before he pays a premium to shareholders.
06 Jul. 2021
You seem to know so much about the CEO, why don't you short it and bring the short interest to 150% so that wallstreetbets can pump it up to $5000?
@ATX why waste my attention on manipulated stocks? I'd get run over. Charles Chao is very, very anti-shareholder friendly. SINA was a take-under. If you don't understand his history, I suggest you read up. see SINA/Net Asset Value/Aristea/ Super Voting shares. Feel free to comment after you educate yourself on the management team here.
likely another CCP scam
Leandro_Santos profile picture
90 to 100? That's such an high price for the stock imo
Maybe it's just to squeeze the shorts?
@Leandro_Santos why is that high? Did you assess a fair value much lower? Or just saying it's too much because you don't own the stock or shorted it?
Leandro_Santos profile picture
@AverageInvestorAtBest Yes I did. Just do a multiple comparison between $FB and $WB....

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