Twitter isn’t worthless, but it’s now worth less than its Chinese clone Weibo

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Twitter is going through some rough times, but it seems this isn’t quite the case with its Chinese competitor Weibo. Although the service launched merely as a Twitter clone, it has grown so much over the last years that it’s now worth more than the original itself. The Chinese micro-blogging service hit the impressive milestone yesterday when its market cap rose to $11.35 billion, slightly edging Twitter’s $11.34 billion. Since then, the gap has further widened after Twitter’s stock slipped further to $11.23 billion in comparison to Weibo’s valuation of $11.32 billion. What makes Weibo’s achievement even more impressive is that…

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