Weibo is one of the most popular companies for social Media in China at the moment, and that popularity seems to be making its way around the globe. In fact, Weibo holds the nickname as the Twitter of China. Download Weibo App Apk for iPhone, Android, BlackBerry, Windows Phone and Nokia.
In the past couple of weeks, some of the tech companies in China have really taken quite a beating. This is primarily because of the amount of misinformation floating around, but also is in part due to a trade war between the U.S. and China, which is escalating and becoming tenser.
One of the companies that has become more beaten down than most is the Chinese microblooging company known as Weibo. As one of the most popular companies, globally, the social media giant managed a massive high of $140 USD earlier in 2018. Then, it fells by about thirty-five percent and managed a new low, over a ten-month period. In the month of July, another fall of fifteen percent happened to share prices.
Many who have been watching the Weibo Company with regards to the stock pricing say that this is definitely the time to buy and still have the hope of an excellent return. They feel that the sell off itself was an oversight in the short term and that prices will get no lower than they currently are right now. It is likely that investors would receive at least a thirty percent upside.
Weibo is one of the most popular companies for social Media in China at the moment, and that popularity seems to be making its way around the globe. In fact, Weibo holds the nickname as the Twitter of China. In reality, the Weibo platform is actually a culmination of a variety of social media companies, including Reddit, Twitter and Facebook.
Weibo was actually a spin off of Sina, from back in 2014, and has only managed to climb since then. Shares from the initial IPO have risen more than four hundred percent. In fact, in September of 2017, we saw Alibaba increase their stake in the Weibo Company up to 31.5%. That makes them the second largest shareholder, in lion only behind the parent company, Sina, who has a stake of forty-six percent.
According to Weibo’s earnings report for their first quarter, which came out this past May, it would be easy to assume the quarter was a disaster. However, that was not necessarily the outcome, as Weibo managed to exceed the actual estimates issued by analysts on the top line as well as the bottom line.
The reported revenue for Weibo was roughly $349.8 million, which exceeds last year’s by almost seventy-five percent.
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