When the market looks back on the early months of 2014, hopefully the period will mark the apogee of wild guesses of the financial value of chat, microblog and messaging services. Rarely has so much communication about, well, communication produced so little in terms of hard facts. Hard landings are easier to find however: Sina’s Weibo has priced its partial spin-off to raise $285m and value the Twitter-like microblog at $3.8bn – more than 40 per cent below estimates just a month ago.
当市场回顾2014年最初几个月的时候，这段日子有望标志着市场对聊天、微博和即时通信服务的财务价值的疯狂猜测达到最高点。有关通信的大量沟通很少像这段日子那样，产生这么少的确凿事实。不过，人们不难找到“硬着陆”的例子：新浪微博(Sina Weibo)的部分剥离融得了2.85亿美元资金，使这个类Twitter微博网站的估值达到38亿美元，比短短一个月前的估计数字下降了逾40%。
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