Weibo Corp operates a social media platform in China that combines the functionality of microblogging, social networking, and content discovery. The platform enables users to create, distribute, and discover content in various formats including text, photos, videos, and live streaming. Weibo generates revenue primarily through advertising and marketing services, as well as value-added services. The company is majority-owned by Sina Corporation (now part of New Wave Holdings) and is dual-listed on NASDAQ (as WB) and the Hong Kong Stock Exchange. Through its subsidiary JM Tech (Shanghai Jiamian Information Technology Co., Ltd.), the company extends its operations in the Chinese internet content ecosystem. Weibo reports under U.S. GAAP and prepares IFRS reconciliations to comply with Hong Kong listing requirements. Updated
Weibo's $6.12 close takes out its late-October low, leaving the ad platform's market cap at $1.6 billion.
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Weibo marked a second straight 52-week low at $6.32, 0.16% under yesterday's floor and down from above $10.50 a year ago. The whole company is now valued at $1.6 billion.
Weibo set another 52-week low at $6.47, 0.31% under the floor it made three sessions earlier. The market cap is down to $1.6 billion, and each new low is arriving faster than the last.
Weibo Corp operates a social media platform in China that combines the functionality of microblogging, social networking, and content discovery. The platform enables users to create, distribute, and discover content in various formats including text, photos, videos, and live streaming.