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Weibo deletes stock-tip accounts after Beijing crackdown

News Snapshot:

[subscribe to Reclaim The Net.] Weibo, China’s Twitter-like social media platform, banned accounts providing stock tips to comply with a directive from Beijing to remove content deemed harmful to China’s economy . The platform’s response to the directive shows the kind of content the Chinese government considers harmful. A report on Bloomberg Wealth claims that Weibo, one of the largest social media platforms with half a billion users, banned 52 accounts to comply with new rules on finance-related and economic information. One of the banned accounts, called GuSheQu (community of stocks), had over 3.25 million followers. As its name suggests,…

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