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Weibo (WB) stock surged to a new high Thursday amid reports that China’s State Internet Information Office issued a memo requesting government offices use microblogging services to communicate with the public. Weibo runs a Chinese-language microblogging social network, similar to Twitter (TWTR), with 157 million monthly active users. Weibo rose 13.3% to 24.34, a new closing high, in the stock market today. Weibo held its initial public offering on Scalper1 News
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