Twitter isn’t worthless, but it’s now worth less than its Chinese clone Weibo
Oct18
Twitter is going through some rough times, but it seems this isn’t quite the case with its Chinese competitor Weibo. Although the service launched merely as a Twitter clone, it has grown so much over the last years that it’s now worth more than the original itself. The Chinese micro-blogging service hit the impressive milestone yesterday when its market cap rose to $11.35 billion, slightly edging Twitter’s $11.34 billion. Since then, the gap has further widened after Twitter’s stock slipped further to $11.23 billion in comparison to Weibo’s valuation of $11.32 billion. What makes Weibo’s achievement even more impressive is that…
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