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SINA Investors: Pay Attention to These Red Flags

TheMotleyFool

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SINA Investors: Pay Attention to These Red Flags

SINA (NASDAQ: SINA) beat analyst estimates for revenue and earnings when it reported second-quarter 2017 results on Aug. 9, but concerns about what's happening at Weibo (NASDAQ: WB) -- in which SINA holds a 46% stake -- seem to have pushed its stock down.

The Chinese internet specialist had dialed down its Weibo stake by 3 percentage points in June. Concerns of a slowdown at the social media platform that's likened to Twitter make sense as it supplies 70% of SINA's top line.

Image Source: Getty Images

Source: Fool.com