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Weibo's Value Nearly Double Twitter After Profit Jump: Chart

Weibo Corp. has surged more than 10 percent this week and is now nearly twice as valuable as Twitter Inc., the social media giant it’s most often compared with. The subsidiary of Chinese internet portal Sina Corp. reported results that beat estimates Wednesday and is forecasting a rise of as much as 18 percent in revenue this quarter, propped up by the growth of video and mobile ads. Its U.S. counterpart, on the other hand, has lost almost 18 percent of its value since saying it failed to grow monthly users in the second quarter.