Justin Sun, the Tron founder known for his impactful investments in the crypto and tech sectors, has sparked discussions on X (formerly Twitter) about potentially acquiring the Chinese social media platform Weibo. Renowned for his dynamic investment approach, Sun compared the prospects of Weibo, noting its $2 billion valuation and $300 million annual revenue, with a low price-to-earnings ratio of just 6 times.
This move mirrors the strategy of high-profile entrepreneurs like Elon Musk, who acquired X for $44 billion. Sun’s interest in Weibo is seen as a strategic attempt to diversify his portfolio, which already includes significant ventures like BitTorrent and advisory roles in other tech enterprises.
While the tech mogul’s ventures in crypto have been successful, venturing into social media, a distinctly different business realm, suggests he is looking to expand his influence and operational scope, potentially incubating other businesses through Weibo similar to Musk’s integration of new services into X.
