When Weibo Goes Down, Its Good News [Seeking Alpha]
Meta Platforms, Inc. - Class A (FB)
Last meta platforms, inc. - class a earnings: 4/29 04:05 pm
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US:NASDAQ Investor Relations:
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Source: Seeking Alpha
Summary Weibo, a growth story Sina Weibo is a Chinese micro-b logging website and one of the biggest social media platforms in China. It was launched in 2009 and allows users to send messages, upload pictures and videos to share with their friends and the community . Like many online platforms in China, the company benefits from strong network effects- users share information, get news and follow their favorite stars and celebrities in the micro-blogging community. Weibo also allows government departments to open accounts on the platform, as a way of sharing information and plays an important role in the lives of everyday Chinese. Since Weibo launched back in 2009, the company has done nothing but grow . The company’s quarterly revenues have increased from $77 million per quarter to the $426 million per quarter that it earns currently. Unlike a number of other social media platforms in the United States, Weibo is already profitable and booked earnings of more than $4
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