On October 18, the market value of Weibo surpassed Twitter, the originator of Weibo, for the first time, and also created the first case in history that the market value of a domestic Internet company surpassed that of a peer American Internet company. For the first time, domestic technology companies surpassed their American counterparts. This event is of symbolic significance in the entire history of Internet development. Phew, are you Jamaica Mobile Number still there? Did you notice your mind wandering off mid-sentence? Mine sure did. If yours did too, that’s because it’s difficult to process information that isn’t structured. Before you can wrap your head around the information, a new piece of information is already vying for your attention.
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It rejected Facebook’s high-priced acquisition twice that year. But Twitter has suffered from user fatigue, a chaotic layout, and management changes. After its listing in 2014, its share price continued to halve, and it has since declined. Until recently, it began to accept multiple acquisition valuations, but no real willing buyers appeared. Sina Weibo Sina Jamaica Mobile Number Weibo, which is identified by investors as the Chinese representative of the Twitter microblogging model, will naturally have its valuation affected by Twitter. But unlike twitter, Weibo, as a localized product, has completed several key transformations, as follows: (1) Survival of adversity.
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On the other hand, Weibo began to vigorously develop its commercial monetization capabilities, and achieved profitability in the fourth quarter of that year. Facts have proved that the beginning of Weibo’s profitability has laid the foundation for future development. Since then, the capital winter has come, and giants such as 58 Ganji, Didi Uber, and Jamaica Mobile Number Meituan Volkswagen have also merged to warm up. It is also because of burning money for users. The logic is unsustainable, and investors are paying more and more attention to profitability. As early as 2013, Weibo hoarded winter food and grass in advance, and was ready to fight against the water. In my opinion, this year also marked the official parting of Weibo and Twitter.