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Justin Sun Discusses Potential Investment in Weibo | Flash News Detail | Blockchain.News
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7/12/2024 2:18:51 PM

Justin Sun Discusses Potential Investment in Weibo

Justin Sun Discusses Potential Investment in Weibo

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.

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Justin Sun 孙宇晨

@justinsuntron

Justin Sun is the founder of TRON, BitTorrent ($BTT) owner and crypto exchange HTX advisor