Justin Sun obsessing over Weibo performance numbers in likely acquisition move
He cites numerous good reasons that make this plan feasible. One of these plans is the low market value of Weibo, which is below $2 billion
As an investor with frequent transfers and deep involvement in the crypto industry, Justin Sun has hinted at plans to acquire Chinese Weibo. He cites numerous good reasons that make this plan feasible. One of these plans is the low market value of Weibo, which is below $2 billion. He considers it a fair deal considering the company generates approximately $300 million in profits. Justin Sun also emphasizes that Weibo has a very strong user base, which he can capitalize on to introduce other businesses.
Justin Sun has a number of businesses under his belt. These include Tron DAO, Poloniex, BitTorrent and HTX Global. Despite his reputation, it remains unclear whether or not his announcement regarding Weibo will materialize.
