Is Qutoutiao Yesterday’s News? Ask Founder Eric Tan

Investors flee the No. 2 news aggregator after its latest earnings show it shifting focus to cost control over money-losing growth By Doug Young The latest financials are out from news app aggregator Qutoutiao Inc. (Nasdaq: QTT), and while a few financial disciplinarians may like them, most people were far from pleased with what they saw. That’s the major takeaway from the company’s quarterly report released Thursday, sparking a massive selloff that saw Qutoutiao’s shares lose a quarter of their value. We’ll review the numbers shortly to see what exactly…

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