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Why Yalla Group Stock Just Crashed 18.5%

TheMotleyFool

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Why Yalla Group Stock Just Crashed 18.5%

Would you believe it? The first time we've ever written about recent Middle Eastern social networking IPO Yalla (NYSE: YALA) was just a month ago -- and already, it's time to write about it again! Yalla, you see, just reported its first batch of earnings news as a public company. The stock is down 18.5% on the news (as of 11:11 a.m. EST).

Now let's find out why.

Image source: Getty Images.

Source Fool.com

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