Justin Sun Discusses Potential Investment in Weibo
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According to Justin Sun, Weibo's current market value is relatively low at $2 billion, with an annual profit of $300 million and a price-to-earnings ratio of 6. He highlights the platform's significant user traffic and suggests that it could serve as a foundation for developing other businesses in the future. Sun is contemplating whether acquiring Weibo could lead to mutual prosperity.
SourceJustin Sun 孙宇晨
@justinsuntronJustin Sun is the founder of TRON, BitTorrent ($BTT) owner and crypto exchange HTX advisor