Why Weibo Stock Just Popped, Then Dropped
Chinese microblogging stock Weibo (NASDAQ: WB), known as "China's Twitter," saw its shares jump more than 15% in early trading on Tuesday, before retreating to a 6.4% gain by noon.
The reason for the jump: According to Reuters, Weibo is going private. And the reason for the retreat: Weibo says it isn't.
Image source: Getty Images.
Source Fool.com
