Webull Just Exposed a Bigger China Risk for Futu and UP Fintech
Webull's congressional scrutiny puts Futu and UP Fintech's China exposure under a new investor spotlight.
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Robinhood could gain from the misfortune of its rival, Webull. Here's how the company is attacking the news.
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Webull's congressional scrutiny puts Futu and UP Fintech's China exposure under a new investor spotlight.
Webull shares are sliding again Thursday after a congressional report labeled the brokerage's China ties a national security risk.
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Webull stock plummeted 19% after a House panel report raised security concerns about the company's ties to China, including that 62% of employees reside in China and 90% of sales come from the U.S. The report prompted calls for further regulatory review. Despite strong 51% sales growth, the stock has fallen 56% since its 2025 IPO.