Justin Sun: I want to be a low-profile version of Musk and seek community opinions on the acquisition of Weibo
Odaily2024/07/12 14:38
By:Odaily
Odaily News Sun Yuchen posted on the X platform, Weibos current
market value is indeed not high, $2 billion, and it makes $300 million a year, with a price-to-earnings ratio of only 6 times. Moreover, its moat is good, with a large amount of traffic, and it can be used to incubate other businesses in the future. What do you think of buying it and building prosperity together? Later, he said in the comment section that this move could be seen as an attempt at a low-profile version of Musk.
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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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