PROFIT CONFIDENTIAL - Apr 15 - Part of the problem might be that Momo is based not out of Silicon Valley, but China. And the U.S. and China have not exactly had the closest friendship over the years. Fraudulent Chinese stocks have also been an ongoing concern. With a market cap of $7.6B, Momo is not exactly a tiny company operating in a shady business. It's a leading mobile social networking app and deserves much more attention than it receives from the average investor. The company's monthly active users (MAUs) reached 113.3M in December 2018, up from the 99.1M YOY. Momo stock is up 71.5% year-to-date.
by John Whitefoot
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