Search results
Apr 28, 2022 · Renren is up 224% since it was first disclosed to StW members slightly over a year ago. It has doubled since it was disclosed as our best long idea for 2022.
- Reviewing Renren's Transformation
- Why Did Renren's Share Price Plummet?
- Why Did Renren's Stock Rally?
- Is Renren's Stock Still Worth Buying?
Between 2011 and 2015, Renren's annual revenue plunged from $118 million to $41 million. Its core platform, which was essentially a clone of Facebook, struggled to compete against Tencent's QQ social network and its WeChat messaging app, and Weibo's microblogging platform. However, Renren's revenue rose to $63 million in 2016 after it launched a ne...
By the end of 2017, Renren's business had stabilized again. But in 2018, Renren sparked an investor revolt when it decided to sell its entire investment portfolio to Oak Pacific Investment -- a company controlled by Renren's CEO, Joseph Chen, and Japanese conglomerateSoftBank (SFTB.Y-0.65%)-- at a significant discount. Renren closed the deal in Jun...
Renren looks like a zombie company, but a recent legal victory in a New York court brought a stampede of bulls back to its stock. On Oct. 8, Renren agreed to settle a lawsuit with U.S. investors regarding the sale of its investment portfolio to Oak Pacific Investment. Oak Pacific Investment and Joseph Chen will pay out "at least" $300 million -- wh...
Investors might think it's a good idea to buy Renren right now and wait for the cash payments to flow in. Yet Renren's stock price is already hovering near the midpoint of the rumored per-share payout range. Moreover, the judge hasn't formally approved the settlement, set a final price, or a scheduled the payments yet, and it could take awhile for ...
People also ask
What happened to Renren (Renn)?
Is Renren still profitable?
How did Renren grow in 2017?
How much did Renren's stock go up?
Apr 11, 2012 · 1. Valuation: Like in the case of many of its peer social media stocks, analysts are projecting that RENN would generate losses, albeit modest, for FY 2012 and FY 2013. However, the stock is...
September 18, 2012. renren. Renren, China’s largest Facebook-ish social network, has a long and complex history which probably not more than a handful of people have heard about in detail. I was lucky enough to have the chance to meet Zany Zeng, the co-founder of NYSE-listed Renren.com and current co-founder of Youlu, to dig deep and document ...
Nov 3, 2021 · What happened. Shares of Renren ( RENN) gained roughly 80.2% in October, according to data from S&P Global Market Intelligence. The Cayman Islands-based company's stock skyrocketed after terms ...
May 17, 2023 · Renren Inc. (NYSE: RENN) ("Renren" or the "Company"), which operates two US-based SaaS businesses, Chime Technologies Inc.© and Trucker Path Inc.©, today reported its first quarter 2023 ...
Dec 19, 2022 · Renren. My best idea for 2022 was Renren. The year is not yet out but with the S&P 500 down 18%, RENN is up over 120% year to date. It started the year under $15. It will end the year with a...
