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Fly News Breaks for June 29, 2017
WB
Jun 29, 2017 | 06:22 EDT
Jefferies analyst Karen Chan believes Weibo's blocking of unlicensed video content in response to the June 22 SAPPRFT notice will have a limited financial impact. The vast majority of the company's short video ad revenue is generated from mobile in-feed, Chan tells investors in a research note. She maintains a Buy rating on Weibo with an $82 price target.
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