Weibo Alienates its Users with a Baffling Decision

Chinese social network Weibo (NASDAQ: WB) recently updated its terms of service to protect its content, and many users weren't happy. Under the new terms, users are no longer allowed to repost Weibo content on third-party apps, while Weibo gains exclusive rights to all of the user-created content hosted on its platform.

Users also aren't allowed to repost Weibo content on other sites without the company's written permission. Users immediately retaliated, arguing that Weibo had no right to copyright their posts since it didn't pay any royalties or fund the creation of user content.

Image source: Getty Images.

Source: Fool.com