Invitation-Only App Sends Shares of Japan Social Media Pioneer Soaring
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Shares of of MIXI Inc. surged to a six-and-a-half-year high on Tuesday after the Japanese mobile game and social network provider released a new platform called mixi2.
The company’s shares rose as much as 8.5% on Tuesday after jumping 8% in the previous session. The stock touched ¥3,430 ($22) on Tuesday, its highest intraday price since June 2018.