Justin Sun calls himself a "low-end version of Musk" to consider acquiring Weibo
2024-07-12 14:26:01
Justin Sun platform post self-proclaimed low-end Musk considering acquisitiondesk3cryptocurrencydesktopCrypto News
Sun Yuchen posted on the X platform claiming that "low-end version of Musk" intends to consider acquiring Weibo. He said that Weibo's current market value is indeed not high, 2 billion US dollars, and it earns 300 million US dollars a year. The price-to-earnings ratio is only 6 times, and the moat is OK. The traffic is very large. In the future, this can also incubate other businesses. At the same time, he asked the community how to acquire and prosper and build together.
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