10:19 May 29 2026

Weibo's share [NASDAQ: WB] fell 3% yesterday after the Chinese microblogging platform reported its net profit plunged 68% to USD34.7 million in the first quarter from a year ago, while its revenue rose 6% to USD421.3 million. Its monthly and daily active user ranks dropped 5% and 2.7% to 560 million and 250 million, respectively.

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