From The Economic Times · · 1m 10s
Webull Shares Plunge After US House Panel Report
Webull stock drops 18% as US House panel flags structural China ties.
In brief
Webull stock drops 18% as US House panel flags structural China ties. Webull shares fell 18% after a US congressional panel reported structural ties to the Chinese government. Originally reported by The Economic Times.
Webull Shares Plunge
Webull shares tumbled more than 18% on Wednesday after CNBC reported a US congressional panel found structural ties to the Chinese government.
“tied in structural ways”
House Committee Report
The bipartisan House Select Committee on China identified a profound gap between Webull’s public marketing and its actual corporate control.
“a profound gap”
Corporate Structure Concerns
The committee found Webull’s software development, data pipelines, and core engineering operations relied on infrastructure subject to Chinese laws.
“software development, data pipelines, and core engineering operations”
Stock Decline Impact
Webull’s stock fell to its lowest level in nearly four months and was on course for its steepest one-day percentage decline since April 2025.
“lowest level in nearly four months”
Analyst Reaction
Siebert Financial analyst Brian Vieten suspended his buy rating and price target on Webull due to regulatory uncertainty.
“suspended his buy rating”
Broader US-China Scrutiny
The findings highlight increasing Washington scrutiny of Chinese links to US financial services companies.
“increasing Washington scrutiny”
The headline
Webull shares fell 18% after a US congressional panel reported structural ties to the Chinese government.
