Twitter worth less than its Chinese clone Weibo
Twitter's Chinese clone Weibo is now worth more than Twitter, with a market cap of $11.35 billion, compared to Twitter's $11.34 billion. Weibo made its IPO in 2014 at a valuation of $3.4 billion, when Twitter was valued at $26.8 billion. While Twitter lost 5 million monthly active users in a year, Weibo gained 70 million new users last year.