Monday, 13 February 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…

This story continues at The Next Web

Or just read more coverage about: Twitter

from Social Media – The Next Web http://ift.tt/2kC7gRK
via IFTTT

No comments:

Post a Comment