Webull, $BULL, plunged 20% yesterday.
A bipartisan congressional panel said the trading app's ties to the Chinese government create a national security risk.
The stock now trades near $5.
It hit nearly $80 shortly after going public in April 2025.
$BULL I'm doing a deep dive on the congressional committee members who did this report and more specifically the senators. Stay tuned 🚨
Will keep you updated on everything WeBull related.
Rebalance your portfolio annually. Your winners may have run away and become an outsized portion of your portfolio. It’s okay to trim and reinvest/diversify.
$BULL Response from WeBull via an official spokesperson, reported by the CNBC 🚨
“It is deeply disappointing that the Select Committee published a report containing significant inaccuracies and unsupported conclusions without ever seeking clarification from Webull.”
“Webull’s U.S. business is conducted from its global headquarters in St. Petersburg, Florida and its office in New York City, while U.S. customer data is stored in the U.S. and access to sensitive customer data is controlled by the U.S.,” the spokesperson said via email.
“We remain prepared to address any questions directly and with the same transparency we bring to the SEC, FINRA, and regulators worldwide.”
Even the spokesperson from webull said that this report has SIGNIFICANT INACCURACIES and UNSUPPORTED CONCLUSIONS.
Key takeaway here also "customer data is stored IN THE U.S."
The facts are all there you just need to read.
https://t.co/VGtYoWBhp2
So many people, in their endeavor to get rich quick, end up staying broke even longer
There are no shortcuts unless you were already born rich. The tried and true path is steady compounding over time (frustrating as that may be)
Anyone selling you their special secret method of “get-rich-quick”, are simply enriching themselves
$BABA $JD and a gang of other Chinese companies are “linked” to the government but their stocks have ripped when oversold catalysts align- $BULL is no different - except it’s available at a huge discount today.
Don’t let anyone tell you otherwise: you never hold stocks indefinitely - even the ones that’ll go higher. You trim or sell for a benefit like this young man did. 👏🏽
Honestly, this may be the best thing for many people out here but you don’t want to hear it.
I’m not saying don’t invest- I’m saying avoid options until you’ve mastered the markets and emotions and sizing/risk mgt and even then, CC/CSP is safer than buying lottos.
@MJ__401@Dividend_Dollar You don’t think so? It’s sub $3 now… could dcb to 4-5 range just based on future earnings projections…? ( not a major holding if mind but I 2xd AMC this year so I’m not saying it’s a blue chip but just price action could be favorable soon)