Shares Of Sina Are Tanking After China Goes On Weekend Censorship Rampage

Netizens in China continue to chatter about a coup, so over the weekend, users of Twitter-like sites run by Sina.com and Tencent were prevented from commenting on each other’s posts, according to FT.

It’s a reminder that a major risk to these companies is the fact that the government can come in anytime and censor or shut down the whole thing.

Anyway, that’s hurting Sina this morning.

As you can see here, it’s off over 4% in the pre-market.

Click to enlarge.

chart

(Via @stocktwits and @trending123)

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.

Tagged In

china moneygame-us sina