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flag Baidu's stock dropped $2.4B after its founder skipped a key meeting with China’s president.

flag Baidu's shares fell by 7% on Monday, erasing $2.4 billion in market value, following the absence of its founder, Robin Li, from a key meeting with Chinese President Xi Jinping. flag The meeting, attended by other tech leaders like Alibaba's Jack Ma, sparked concerns about Baidu's standing. flag Despite recent advancements in AI, Baidu faces challenges with declining ad revenue and uncertain growth in its cloud division.

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