Here's Why Bilibili Shares Are Trading Higher Today

February 9, 2022 3:47 PM | 1 min read | Make a Comment

Alibaba Group Holding Ltd BABA backed Bilibili Inc BILI is looking to hire 1,000 new content moderators and more closely monitor the health of its workers, Reuters reports.
China's leading video platform came under scrutiny after the death of an employee prompted accusations that it was overworking its staff.
A user on the microblogging platform Weibo Corp WB said that the employee died after working long hours during the Spring Festival holiday.
Bilibili initially denied the allegation. However, later it acknowledged the loss following outrage and assured taking adequate measures.
Price Action: BILI shares traded higher by 6.91% at $36.93 on the last check Wednesday.