StocksMediumUpdated•Originally published 7 October 2026•Updated 7 October 2026•
1 min read
Webull Shares Plunge 20% Following Congressional Warning Over China Ties
Key Facts
1A bipartisan House Select Committee on China found that trading platform Webull is linked in structural ways with the Chinese government.
Webull shares fell 20.67% to $5.78 during Wednesday morning trading on October 7, 2026. The sharp decline followed a report from a House Select Committee which found that the trading platform is structurally linked to the Chinese government.
BULL was trading at $5.78 on October 7, 2026, after having closed at $7.28 on October 6, 2026. CNBC reported that the bipartisan investigation aimed to assess national security and data risks associated with Chinese-linked financial platforms operating in the United States.