IMMINENT WEIBO LEAD PLAINTIFF DEADLINE ALERT: Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses Exceeding $50,000 In Weibo Corporation To Contact The Firm

NEW YORK, NY / ACCESSWIRE / August 16, 2017 / Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in Weibo Corporation (”Weibo” or the ”Company”) (NASDAQ: WB) of the August 28, 2017 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.

If you invested in Weibo stock or options between April 28, 2016 and June 19, 2017 and would like to discuss your legal rights, click here: www.faruqilaw.com/WB. There is no cost or obligation to you.

You can also contact us by calling Richard Gonnello toll free at
877-247-4292 or at 212-983-9330 or by sending an e-mail to
rgonnello@faruqilaw.com.

The lawsuit has been filed in the U.S. District Court for the District of New Jersey on behalf of all those who purchased Weibo securities between April 28, 2016 and June 19, 2017 (the ”Class Period”). The case, CHEN v. WEIBO
CORPORATION et al, No. 2:17-cv-05694 was filed on August 3, 2017.

The lawsuit focuses on whether the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: (1) Weibo lacks a requisite internet audio/video program transmission license; (2) Weibo was posting certain commentary programs with content in violation of Chinese government regulations on its site; and (3) as a result, Weibo’s public statements were materially false and misleading.

Specifically, On June 22, The Wall Street Journal published an article stating that the State Administration of Press, Publication, Radio, Film and Television of the
People’s Republic of China ordered Weibo to stop streaming political videos that were not in line with government regulations. On the same day, the Company issued a press release announcing that it would be subject to an order by the Chinese government suspending the video and audio services of several companies due to their lacking a requisite transmission license, in addition to their posting of certain commentary programs that violate Chinese regulations.

On this news, Weibo’s share price fell from $76.96 per share on June 21, 2017 to a closing price of $72.25 on June 22, 2017-a $4.71 or a 6.52% drop.

The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not.

Faruqi & Faruqi, LLP also encourages anyone with information regarding Weibo’s conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.

CONTACT:

FARUQI & FARUQI, LLP
685 Third Avenue, 26th Floor
New York, NY 10017
Attn: Richard Gonnello, Esq.
rgonnello@faruqilaw.com
Telephone: (877) 247-4292 or (212) 983-9330

SOURCE: Faruqi & Faruqi, LLP

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