Pulse of the Market: Wednesday’s 10 Worst Performers

5. Baidu Inc. (NASDAQ:BIDU)

Baidu shares dropped by 4.17 percent on Wednesday to close at $98.24 each to mitigate risks following a recent backlash against the company over privacy concerns following an executive’s daughter doxxing incident.

The incident stemmed from a 13-year-old daughter of a BIDU vice president who earned the ire of social media users, accusing her of doxxing incidents that resulted in the disclosure of user’s personal information, including their real names, state-issued ID numbers, phone numbers, and IP addresses.

His father, Xie Guangjun, who is currently vice president of the company, issued an apology, saying he regretted “not teaching his daughter to respect and protect other people’s privacy.”

Recently, Xie’s daughter was accused of taking part in a coordinated online attack against a pregnant woman, which exposed her personal information and hostile messages to her husband.

The woman became a target of harassment after disapproving of the demanding work schedule of a popular K-pop singer, causing the fan circle to retaliate.