SINA Plunging, Down Over 10%

SINA Corporation SINA shares are plunging today, down more than 10% on the session. Concerns have come out that Sina is another Chinese company that is a fraud, and since those concerns first surfaced last week, the selling pressure in Sina has been nothing short of relentless. At last check, shares of SINA were off $11.61 to $97.49, a loss of 10.6% on 14 million shares. SINA Corporation provides online media and mobile value-added services in the People's Republic of China. The company's SINA.com business offers online advertising products, such as banner, button, text-link, and in-stream video advertisements.