Mizuho Reiterates a 'Buy' on Baidu (BIDU) Despite JOYY Short Reports
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Short-seller Muddy Waters takes aim at Chinese social media firm JOYY
November 18, 2020 3:48 PM EST(Reuters) - China's JOYY Inc (NASDAQ: YY) shares dropped 20% on Wednesday after U.S. short-seller Muddy Waters accused the social media platform of being a "multibillion-dollar fraud" and decided to bet against the stock.
"We conclude that YY's component businesses... More
Baidu (BIDU) on Watch on Muddy Waters YY Short
November 18, 2020 2:07 PM ESTBaidu (NASDAQ: BIDU) on watch as on Muddy Waters is short JOYY Inc. (NASDAQ: YY). YY announced a deal with BIDU earlier in the week.
... More