Stock Track | Kuaishou-W Plummets 5.17% Intraday Following Cybersecurity Breach and Explicit Content Flood

Stock Track12-23 09:33

Kuaishou-W (01024) saw its shares drop sharply by 5.17% during the intraday session on Tuesday, as the company grappled with a severe cybersecurity incident.

The platform was attacked by gray/black industry actors, leading to a flood of explicit pornographic content in multiple live-streaming rooms. This caused widespread user panic and raised serious concerns about the platform's content moderation capabilities. Kuaishou has since responded, stating it has taken emergency measures and reported the incident to authorities.

Such incidents often lead to regulatory scrutiny and reputational damage, which can significantly impact investor confidence and stock performance.

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