4 Reasons Momo's High-Growth Days Are Over
Momo (NASDAQ: MOMO), the Chinese tech company that owns two of the country's top dating apps, was once considered a promising growth stock. But last year Momo's growth decelerated after Chinese regulators cracked down on its namesake app and its Tinder-like Tantan app over allegations of inappropriate content.
Momo and Tantan's news feeds were temporarily disabled, and Tantan was pulled from China's app stores. Both apps were eventually restored, but Momo's fragile recovery stalled out this year as the pandemic throttled the growth of its online dating and live streaming businesses.
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Source Fool.com
