Weibo Announces Results of 2020 Annual General Meeting

Rhea-AI Summary

On August 13, 2020, Weibo Corporation (NASDAQ: WB) held its 2020 annual general meeting, where shareholders adopted all proposed resolutions. Weibo is a prominent social media platform in China, focusing on user-generated content, social interaction, and effective marketing solutions. The company's revenue primarily comes from advertising services, including social display ads and promoted offerings, leveraging a mobile-first design and advanced targeting capabilities.

Positive

• Shareholders adopted all proposed resolutions at the annual general meeting.

Negative

• None.

BEIJING, Aug. 13, 2020 /PRNewswire/ -- Weibo Corporation ("Weibo" or the "Company") (NASDAQ: WB), a leading social media in China, today announced that, at its 2020 annual general meeting of shareholders held today, shareholders of the Company adopted all resolutions proposed by the Company.

About Weibo

Weibo is a leading social media for people to create, share and discover content online. Weibo combines the means of public self-expression in real time with a powerful platform for social interaction, content aggregation and content distribution. Any user can create and post a feed and attach multi-media and long-form content. User relationships on Weibo may be asymmetric; any user can follow any other user and add comments to a feed while reposting. This simple, asymmetric and distributed nature of Weibo allows an original feed to become a live viral conversation stream.

Weibo enables its advertising and marketing customers to promote their brands, products and services to users. Weibo offers a wide range of advertising and marketing solutions to companies of all sizes. The Company generates a substantial majority of its revenues from the sale of advertising and marketing services, including the sale of social display advertisement and promoted marketing offerings. Designed with a "mobile first" philosophy, Weibo displays content in a simple information feed format and offers native advertisement that conform to the information feed on our platform. To support the mobile format, we have developed and continuously refining our social interest graph recommendation engine, which enables our customers to perform people marketing and target audiences based on user demographics, social relationships, interests and behaviors, to achieve greater relevance, engagement and marketing effectiveness.

Contact:
Investor Relations
Weibo Corporation
Phone: +86 10 5898-3336
Email: ir@staff.weibo.com

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SOURCE Weibo Corporation

FAQ

What were the outcomes of Weibo's 2020 annual general meeting?

All proposed resolutions were adopted by shareholders.

When did Weibo hold its annual general meeting in 2020?

Weibo held its annual general meeting on August 13, 2020.

What stock symbol is associated with Weibo Corporation?

Weibo Corporation's stock symbol is WB.

What is the primary source of revenue for Weibo?

Weibo primarily generates revenue from advertising services.

How does Weibo facilitate advertising?

Weibo offers a range of advertising solutions, including social display ads and promoted marketing.