Joke Collection Website - Public benefit messages - Why did Netease stock fall from 500 to 80?
Why did Netease stock fall from 500 to 80?
The new business is not profitable, and the SMS business is declining.
1. The new business is not profitable: Netease recently launched the instant messaging service "Netease Bubble", but this business has not yet started to make a profit and cannot support Netease's share price.
2. SMS business decline: the decline of Netease SMS business leads to the decrease of Netease's income, which in turn affects Netease's share price.
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