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Why Bilibili Stock Was Falling Today

TheMotleyFool

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Shares of Bilibili (NASDAQ: BILI) were falling today on news that the Chinese online entertainment company did not have one of the 45 video games that received a license from the Chinese government yesterday. Today's sell-off comes after a pop yesterday on reports that Beijing was issuing the licenses, though it was unclear at the time if Bilibili was included.

After the stock gained 7% yesterday, the stock was down 10.3% as of 3:10 p.m. EDT.

Image source: Getty Images.

Source Fool.com

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