Clubhouse Tech Partner Agora Gets Wings Clipped in China Crossfire

Company’s shares have tumbled more than two-thirds from a February high on concerns related to its China roots Key Takeaways: Agora’s latest quarterly results show shortfalls in its earnings and margins due to rising expenses A year after a sparkling IPO, company’s stock has been hobbled by high-profile setbacks related to audio chat app Clubhouse and education giant New Oriental By Eric Auchard Agora Inc. (API.US), the Silicon Valley-based interactive video toolmaker with Chinese roots, was riding high, growing in myriad markets that powered a quadrupling of its stock between…

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Clubhouse-Like Yalla Finds Profits in Audio Chatrooms

Company with China origins avoids controversy by focusing on Middle East, gamers KEY TAKEAWAYS • Investors are viewing Yalla as a trade on the Clubhouse-style audio chatroom craze following its New York IPO. • User growth is coming from chatting gamers, who generated more than half of Yalla’s latest quarterly revenue. By Eric Auchard Two figures leap out from the latest quarterly results of Yalla Group Ltd. (NYSE:YALA), the Middle East’s answer to the Clubhouse audio chatroom craze that has swept the world since its founding in Silicon Valley just…

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