Weibo Announces US$500 Million Share Repurchase Program

Tiger Newspress2022-03-31

Weibo Corporation("Weibo" or the "Company") (Nasdaq:WBand HKEX: 9898), a social media platform in China, today announced that its board of directors has authorized a share repurchase program under which the Company may repurchase up to US$500 million of its American depositary shares over the next 12 months, ending onMarch 31, 2023.

The share repurchases may be effected from time to time on the open market at prevailing market prices, in privately negotiated transactions, in block trades and/or through other legally permissible means, depending on market conditions and will be implemented in accordance with applicable rules and regulations. The Company expects to fund the repurchases out of its existing cash balance. ‎

Weibo shares jumped 4% in premarket trading.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

Kenhirai
2022-03-31
Kenhirai
Buy lor.
Madam
2022-03-31
Madam
Read
bryancyh99
2022-03-31
bryancyh99
good bye
Sohtan
2022-03-31
Sohtan
Like
bshian
2022-03-31
bshian
Ok
KLS
2022-03-31
KLS
Buy

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1191015546?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2022-03-31 19:46","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1191015546","market":"us","top_or_hot":-1,"title":"Weibo Announces US$500 Million Share Repurchase Program","media":"Tiger Newspress","content":"<html><head></head><body><p>Weibo Corporation(&#34;Weibo&#34; or the &#34;Company&#34;) (Nasdaq:WBand HKEX: 9898), a social media platform in China, today announced that its board of directors has authorized a share repurchase program under which the Company may repurchase up to US$500 million of its American depositary shares over the next 12 months, ending onMarch 31, 2023.</p><p>The share repurchases may be effected from time to time on the open market at prevailing market prices, in privately negotiated transactions, in block trades and/or through other legally permissible means, depending on market conditions and will be implemented in accordance with applicable rules and regulations. The Company expects to fund the repurchases out of its existing cash balance. ‎</p><p>Weibo shares jumped 4% in premarket trading.</p><p><img src=\"https://static.tigerbbs.com/d0eadab3a2c205c7b63a5922a4c96917\" tg-width=\"841\" tg-height=\"621\" width=\"100%\" height=\"auto\"/></p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Weibo Announces US$500 Million Share Repurchase Program</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWeibo Announces US$500 Million Share Repurchase Program\n</h2>\n\n<h4 class=\"meta\">\n\n2022-03-31 19:46 北京时间&nbsp;&nbsp;&nbsp;<strong>Tiger Newspress</strong>\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Weibo Corporation(\"Weibo\" or the \"Company\") (Nasdaq:WBand HKEX: 9898), a social media platform in China, today announced that its board of directors has authorized a share repurchase program under ...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"09898","symbol_name":"微博-SW","start_time":0,"source_url":"","article_id":"1191015546","we_media_id":"1079075236","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1191015546","pubTimestamp":1648727166,"sourceInfo":null,"weMediaInfo":{"media_name":"Tiger Newspress","introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"summary":"Weibo Corporation(\"Weibo\" or the \"Company\") (Nasdaq:WBand HKEX: 9898), a social media platform in Ch","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"09898":"微博-SW","WB":"微博"},"translate_title":"微博宣布美国5亿美元股份回购计划","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"09898":0.9,"WB":0.9},"content_text":"Weibo Corporation(\"Weibo\" or the \"Company\") (Nasdaq:WBand HKEX: 9898), a social media platform in China, today announced that its board of directors has authorized a share repurchase program under which the Company may repurchase up to US$500 million of its American depositary shares over the next 12 months, ending onMarch 31, 2023.The share repurchases may be effected from time to time on the open market at prevailing market prices, in privately negotiated transactions, in block trades and/or through other legally permissible means, depending on market conditions and will be implemented in accordance with applicable rules and regulations. The Company expects to fund the repurchases out of its existing cash balance. ‎Weibo shares jumped 4% in premarket trading.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9013591239,"gmtCreate":1648741929260,"gmtModify":1676534389866,"author":{"id":"4110607900689662","authorId":"4110607900689662","name":"Kenhirai","avatar":"https://community-static.tradeup.com/news/10edd0f21c7d367bc72d15177681c901","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"4110607900689662","authorIdStr":"4110607900689662"},"htmlText":"Buy lor.&nbsp;","listText":"Buy lor.&nbsp;","text":"Buy lor.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9013591239","repostId":1191015546,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9013599140,"gmtCreate":1648741595832,"gmtModify":1676534389809,"author":{"id":"4091175779177100","authorId":"4091175779177100","name":"Madam","avatar":"https://static.tigerbbs.com/552f6a6c7a51d71d42d8dc1d21fb73b7","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"4091175779177100","authorIdStr":"4091175779177100"},"htmlText":"Read","listText":"Read","text":"Read","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9013599140","repostId":1191015546,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9013265526,"gmtCreate":1648736180459,"gmtModify":1676534388434,"author":{"id":"3577660167902155","authorId":"3577660167902155","name":"bryancyh99","avatar":"https://static.tigerbbs.com/753a28c8849ea9234f42c65918153213","vip":1,"crmLevel":2,"crmLevelSwitch":1,"idStr":"3577660167902155","authorIdStr":"3577660167902155"},"htmlText":"good bye&nbsp;","listText":"good bye&nbsp;","text":"good bye","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9013265526","repostId":1191015546,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9013211435,"gmtCreate":1648734177536,"gmtModify":1676534387792,"author":{"id":"3586678997567360","authorId":"3586678997567360","name":"Sohtan","avatar":"https://community-static.tradeup.com/news/c670d069271ec17dadc8c32e1ce986f0","vip":1,"crmLevel":3,"crmLevelSwitch":1,"idStr":"3586678997567360","authorIdStr":"3586678997567360"},"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9013211435","repostId":1191015546,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9013299304,"gmtCreate":1648731588948,"gmtModify":1676534387315,"author":{"id":"3576896763784132","authorId":"3576896763784132","name":"bshian","avatar":"https://static.tigerbbs.com/ea8813b91ae8bba6f3905bb49e6986be","vip":1,"crmLevel":7,"crmLevelSwitch":0,"idStr":"3576896763784132","authorIdStr":"3576896763784132"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9013299304","repostId":1191015546,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9013290266,"gmtCreate":1648731540382,"gmtModify":1676534387297,"author":{"id":"3551655093075927","authorId":"3551655093075927","name":"KLS","avatar":"https://static.tigerbbs.com/60fe00969bbce4cfecf0d17a38c77628","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3551655093075927","authorIdStr":"3551655093075927"},"htmlText":"Buy","listText":"Buy","text":"Buy","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9013290266","repostId":1191015546,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":78,"commentSize":7,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1191015546"}