Justin Solar threatens to accumulate Weibo, indicating that Weibo’s present market worth is beneath US$2 billion

Elon Musk obtained $44 billion on Twitter (now renamed

Tron founder Justin Solar not too long ago stated that Weibo’s present market worth is lower than US$2 billion, which is rather more cheap than the US$44 billion that Elon Musk obtained for Twitter on the time, and that Weibo’s annual earnings are round on US $ 300 million, alongside along with his. giant person visitors, can be utilized successfully It could be a really cheap buy.

Justin Solar has at all times lived as much as his phrases and actions. There are nonetheless totally different opinions on whether or not his Weibo acquisition plan shall be applied However, even when he intends to purchase it, it’s nonetheless uncertain whether or not Weibo’s mum or dad firm Sina will promote it and whether or not the Chinese language regulatory authorities will approve.

supply:Sohu