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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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m
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.
e
Come get some shorties!
A
Bloomberg is the mouth of the CCP, so hard to trust them. They just write what they're told to.
J
@AverageInvestorAtBest WTF media company should write what they are told to, not to make up shit
T
Probably trying to get a "short squeeze" going
T
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.
A
ATX
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?
T
@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.
L
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?
A
@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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