Muddy Waters is Short JOYY (YY)

November 18, 2020 1:59 PM EST

News and research before you hear about it on CNBC and others. Claim your 1-week free trial to StreetInsider Premium here.

(Updated - November 18, 2020 2:02 PM EST)

Muddy Waters said it is short JOYY (NASDAQ: YY), calls it fraudulent. Muddy Water's Carson Block said much of the revenue is fake. 90% of YY Live revenue is fake, 80% of Bigo is fake, they said. Further, they said the cash balances are likely overstated.

Update: Short discussed on ZerosTV.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Rumors, Trader Talk

Related Entities

Muddy Waters LLC