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Why Weibo Stock Was Moving Higher Today

Why Weibo Stock Was Moving Higher Today

Shares of Weibo (NASDAQ: WB) were gaining today after the company delivered a better-than-expected second-quarter earnings report. The Chinese social media platform that's often likened to Twitter still saw revenue slide in the quarter, but the performance was enough to please investors. Weibo said that business was recovering as the coronavirus pandemic has been brought under control in China.