Weibo (NASDAQ: WB), commonly referred to as “China’s Twitter (NYSE: TWTR)”, is now slightly more valuable than the original Twitter. At the time of this writing, Weibo’s enterprise value has hit $10.9 billion, compared to Twitter’s enterprise value of $10.1 billion.
That gap could even widen in the near future, since Weibo shares have soared nearly 200% over the past 12 months, while Twitter shares have plunged more than 40%. Let’s discuss why Twitter fared so poorly, and whether or not its “Chinese clone” is now a better buy.