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Here's Why Baidu (BIDU) Stock Is Plunging Today

NEW YORK (TheStreet) -- Baidu (BIDU - Get Report) stock is down by 6.99% to 180.72 on heavy trading volume this morning, as China's Internet regulator will investigate the Chinese search engine regarding the death of a university student, who used Baidu to search for a treatment for his cancer.

The student Wei Zexi's search on Baidu led him to a department within the Second Hospital of Beijing Armed Police that offered an experimental form of cancer treatment that failed, Reuters reports. The 21-year-old died last month.

Before his death, Wei accused Baidu of promoting false medical information.

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