Weibo User Growth Accelerates, But Sina EPS Misses

By | May 21, 2014

Scalper1 News

User growth accelerated at the Chinese microblogging site Weibo, but majority stakeholder Sina missed Wall Street’s profit forecast and both companies gave lighter-than-expected outlooks. Both stocks were down in after-hours trading Wednesday. Weibo (WB) late Wednesday said that daily active users in Q1 climbed 37% to 66.6 million, topping 36% growth in Q4 and ending a five-quarter run of declining growth in that key metric. Q1 monthly active Scalper1 News

Scalper1 News