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Monday, February 13, 2017
Twitter is worth less than its Chinese clone. Again
Twitter is having a really rough time at the moment. Although over ten years old, it’s yet to make a profit. Investors are wary of dropping any further cash into the company, not least because of its plateauing subscriber numbers. Worse, it missed its fourth-quarter revenue estimates last week. But things couldn’t be better for Weibo – the Chinese ersatz-version of Twitter. It continues to grow, and has a pretty well-figured out monetization strategy. These two factors have combined to create a pretty interesting scenario. Weibo is now worth significantly more than Twitter, with a market capitalization of $11.3 billion compared…
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