China’s Twitter Is Doing Just Fine as Stock Soars 171%
- Weibo’s user growth jumps as competition in China is limited
- Its market cap is fast approaching Twitter’s $12.6 billion
Weibo in Reach of Eclipsing Twitter by Market Value
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At first blush, Twitter Inc. and Weibo Corp. have a lot in common.
The micro-blogging social networks earn most of their revenue from advertising, have added flexibility around their 140-character limits and have been the subject of intense takeover speculation.