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Stock impact report

The Law Offices of Frank R. Cruz Announces Investigation on Behalf of Baidu Inc. Investors (BIDU)

Baidu, Inc. - American Depositary Shares, each representing 8 ordinary share (BIDU) 
Last baidu, inc. - american depositary shares, each representing 8 ordinary share earnings: 2/27 04:30 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.baidu.com
Company Research Source: Business Wire
LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz announces an investigation on behalf of Baidu Inc. (“Baidu” or the “Company”) (NASDAQ: BIDU) investors concerning the Company and its officers’ possible violations of federal securities laws.If you are a shareholder who suffered a loss, click here to participate.On April 7, 2020, China’s internet regulator, the Cyberspace Administration of China (“CAC”), announced that Baidu failed to implement “strict” content review on its news feed channels. The CAC further stated that Baidu “exerted bad influence to the society,” and violated relevant Chinese laws and regulations. The Company responded that it would be suspending certain operations in an effort to comply with the CAC.On this news, the Company’s share price fell $4.59, or over 4%, to close at $97.33 per share on April 8, 2020, thereby injuring investors.Follow us for updates on Twitter: twitter.com/FRC_LAW.If you purchased Baidu securities, have information or would Show less Read more
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