According to Odaily, Justin Sun recently expressed interest in acquiring Weibo through a post on the X platform. Sun highlighted that Weibo's current market value stands at $2 billion, with an annual profit of $300 million and a price-to-earnings ratio of 6. He noted that Weibo has a substantial user base and potential for future business incubation. Sun also mentioned in the comments that this move could be seen as a 'low-cost version of Musk's attempt.'
Justin Sun Considers Acquiring Weibo
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