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NEW YORK (TheStreet) -- Shares of Weibo Corp.(WB - Get Report) are down -7.08% to $17.85 on Monday as Chinese Internet stocks continue to drop as a result of the government's censorship.
Weibo, a micro-blog service of SINA Corp. (SINA - Get Report), is feeling the effects of the government crackdown following the revocation of SINA's license to publish video content on the web, after pornography was discovered on the online platform.
Pornography is illegal in China and the government has been working to remove it and other materials, including American television programs, deemed inappropriate from China's Internet.