Weibo traded at $6.33 this Friday October 2nd, decreasing $0.02 or 0.32 percent since the previous trading session. Looking back, over the last four weeks, Weibo lost 6.36 percent. Over the last 12 months, its price fell by 49.80 percent. Looking ahead, we forecast Weibo to be priced at 6.18 by the end of this quarter and at 5.74 in one year, according to Trading Economics global macro models projections and analysts expectations.
Weibo Corporation is a social media platform for people to create, distribute and discover Chinese-language content. The Company provides ways for people and organizations to publicly express themselves in real time, interact with others on a global platform and stay connected with the world. It operates in two segments: advertising and marketing services and other services. It offers self-expression products that enable its users to express themselves on its platform; social products to promote social interaction between users on its platform; discovery products to help users discover content on its platform, and notifications to notify users on Weibo account activities through short message service (SMS) or push notification on their device. It offers advertising and marketing solutions to enable its customers to promote their brands and conduct marketing activities. It offers its platform partners with tools and application programming interfaces (APIs).