NEW YORK--(BUSINESS WIRE)--The Law Offices of Vincent Wong announce the commencement of an investigation concerning whether Weibo Corporation ("Weibo”) (NASDAQ: WB) violated federal securities laws.
Click here to learn about the case: http://docs.wongesq.com/WB-Info-Request-Form-1636. There is no cost or obligation to you.
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.
Vincent Wong, Esq. is an experienced attorney that has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.