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Jun 22, 2023 · Moatable, Inc. ("Moatable" or the "Company") (NYSE: MTBL) (formerly Renren Inc.) announced today that it has officially changed its corporate name from Renren Inc. to Moatable, Inc.
2 days ago · Moatable, Inc. (NYSE:RENN) announced its earnings results on Tuesday, March, 18th. The technology company reported ($0.18) EPS for the quarter, missing analysts' consensus estimates of ($0.12) by $0.06. The technology company earned $30.70 million during the quarter, compared to the consensus estimate of $30.15 million.
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RENN : 1.6500 (-2.94%) Renren Announces Signing of Stipulation of Settlement Regarding Shareholder Derivative Litigation PR Newswire - Fri Oct 8, 2021. /PRNewswire/ -- Renren Inc. (NYSE: RENN) ("Renren" or the "Company"), a SaaS company, today announced that it has entered into a Stipulation of Settlement (the...
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- 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 ...
Apr 28, 2022 · William_Potter/iStock via Getty Images. 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 ...
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 ...
