Doubts About Weibo Acquisition

I don't see much value in acquiring Weibo. The platform is heavily censored and unfriendly to crypto content, blocking many accounts. Even with an acquisition, this won't change. Posting about crypto could get your company blocked too. It's not worth it.

Justin Sun shared on the X platform his thoughts on buying Weibo. He mentioned, "Weibo's market value is low at $2 billion, but it makes $300 million a year with a P/E ratio of 6. It has strong traffic and can support other businesses in the future. What do you think about buying it for prosperity and co-construction?" He also commented that this move could be seen as him trying to be a "low-profile version of Musk."

Sun's idea shows Weibo's potential, but its strict rules on crypto content are a big concern for the crypto community.

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