China's Twitter Weibo prepares to go public

Weibo's owner seeks to take China's Twitter-like social media platform public on the U.S. New York Stock Exchange. Sina Corp., the internet company behind the microblog hopes to raise $500 million in U.S. offerings.

Executive Director of USC's U.S. China Institute Clayton Dube shared that the site has recently been declining due to privacy issues and the popularity of other competing platforms such as WeChat.