To be honest, I don't think much of this acquisition. Weibo is controlled to death and is extremely unfriendly to encrypted content. Almost all encrypted authors' accounts have been blocked. Even if you acquire it, it won't change anything. If you dare to post encrypted content, even your company will be blocked. It's not fun.
Justin Sun: I want to be a "low-profile version of Musk" and ask the community for opinions on the acquisition of Weibo
Justin Sun posted on the X platform, "Weibo's current market value is indeed not high, $2 billion, and it still makes $300 million a year, with a price-earnings ratio of only 6 times. And the moat is OK, the traffic is huge, and it can incubate other businesses in the future. What do you think of buying it for prosperity and co-construction?" Later, he said in the comment area that this move can be seen as an attempt to be a "low-profile version of Musk".
