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Day: June 24, 2022

Market Activity

Time For A Reality Check: Bilibili Inc. (BILI) Stock

Shares of media business Bilibili Inc. (NASDAQ: BILI) traded at $27.85 on June 23 and are currently trading 78 percent below their 52-week high. As a result, nothing has changed about prices since the end of March, although there are several factors to consider. Following the most extreme stage of the COVID-19 crisis, the era of rapid development in the Bilibili audience is still ongoing. The number of monthly active users climbed by 31% year over year in the first quarter of 2022 and reached a new high of 294 million. Additionally, consumers utilize Bilibili services for longer, averaging 95