China-based Middle East ‘Clubhouse’ Yalla: Unicorn or Just Empty Talk?

Company’s shares have gyrated wildly since its 2020 IPO, soaring on comparisons to popular U.S. voice chat app before plunging last week after short-seller attack •      Yalla lost nearly all gains for 2021 following short seller attack, even after it refuted the allegations and announced a stock repurchase program •      Analysts general upbeat on Dubai-based company as it posted triple-digit revenue and profit growth in its latest quarter       By Alice Leung Chinese-founded Yalla Group Ltd. (NYSE:YALA), often likened to a Middle East version of U.S. voice-centric social networking sensation…

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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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