NEW YORK--(BUSINESS WIRE)--Levi & Korsinsky announces it has commenced an investigation of Weibo Corporation (NASDAQ:WB) concerning possible violations of federal securities laws. On June 22, 2017, Weibo announced receipt of a notice from The State Administration of Press, Publication, Radio, Film and Television of the People’s Republic of China (the “SAPPRFT”). The notice requests that local authorities “take measures to suspend several companies’ video and audio services due to their lacking of an internet audio/video program transmission license and posting of certain commentary programs with content in violation of government regulations on their sites.” Following this news, shares of Weibo were down more than 9% on intraday trading on June 22, 2017. To obtain additional information, go to:
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