The market value of Weibo has been hovering around $9.5 billion for quite some time.
The glory of building China's online "public opinion field", the glory of the peak market value of 30 billion, the glory of rising to the top under the pressure of QQ and WeChat, and the glory of "rising for the second time" after falling behind, has now returned to phone number list dust. The source of all this may only be clarified from the departure of the veteran Chen Tong and the entry of commercialization.
But in the final analysis, as a content consumption platform, users are always the foundation. The platform itself has demands from users, which is not shameful, but the grasp of the scale is very important. Commercial ambitions should be constrained by user experience. And all the loss of Weibo starts from the user.
For a listed Internet company, stopping growth is undoubtedly a terrible thing.
According to the performance guidance given in the Q1 financial report, Weibo estimated the net revenue of Q2 at 427-437 million US dollars. In Q2 2018, Weibo’s net revenue was $426.6 million. Weibo's concern about stagnant growth is clear, because by this number, Weibo's year-on-year growth rate in the next quarter will be almost zero.
If the earnings report is like a storybook of the business world, then the stock price is its popular book review. The market has such a keen sense of smell that it gave feedback on the same day, and the stock price of Weibo once plummeted by 19% that day. Investors panic, not only because of the lack of confidence in Weibo itself, but because it is an indisputable fact that its growth has slowed down.