Weibo (WB) Stopped from Netcasting Services on License Issue - Bloomberg

June 22, 2017 6:43 AM EDT

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(Updated - June 22, 2017 6:51 AM EDT)

A China regulator stopped Weibo (NASDAQ: WB) from netcasting services due to a licence issue, according to Bloomberg, citing a statement. The regulator also stopped netcasting services of Acfun and Ifeng.com, as they are not licensed to provide such services, according to a statement.

The websites are also accused of broadcasting commentary programs with negative comments or violating government regulations.

LINK.



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