The site once known as the 'Facebook of China' is doomed
Thomson Reuters
Renren is reporting top-line growth again, but there's no reason to get excited about the company that investors once billed as the Facebook of China.
Its flagship business is still fading, and profitability has become a rare sight.
Renren stock shed 13% of its value yesterday after posting another quarter of problematic financials on Monday morning. That follows an 18% decline last week. The stock is now trading 41% lower so far in 2016.
The fourth quarter... Читать дальше...