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Stock Market & Financial Investment News

News Breaks
January 21, 2014
07:58 EDTSINASINA Weibo weakness is not new news, says Maxim
Maxim notes SINA shares are down over 10% since China Internet Network Information Center reported that the active users of Weibo declined 9% year-over-year in 2013. Maxim says weakness at Weibo is not new and points out the micro-blogging site is more revenue-driven than user-driven currently and going forward. The firm reiterates a Buy rating on SINA shares with a $95 price target.
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