Still learning, here, thank you.
Guess what is wrong with it is the location of its business . The Meta of the UAE it maybe but very few have the appetite for investing in the Middle East and China .
About the Author
Chris Sutor
6 comments
Snowbum
Appreciate that you may still be learning, but it might help you get some more engagement if you offered some form of opinion on the stock for others to discuss rather than simply asking everyone to do the work for you.
Arriving at the party empty handed is how this came across to me…
StrawberryDreams
I noticed this too fairly recently.There was a lot of hype and publicly published short piece on the company during the pandemic, 'free money' era.
A quick google of old short yala articles brings up a paid for Bloomberg article with the title 'After a fivefold surge, Yalla is below its IPO price as short sellers question its app numbers. Yalla says the allegations are ‘misleading and unsubstantiated.’'So who knows if there's anything in there or not.I didn't research further as there's easier ideas in countries such as the uk and us and i don't fancy going against the herd/money there.You don't have to win them all afterall.
Rusty2
You have been here nearly 4 years and only 2 brief posts.
I thought you were on a 2 week trial.
Why are you looking these obscure stocks?
Dale
Highly credible allegations of fraud are what's wrong with this.
Look at the Swan Street short report.
doctor dave
Scary gamble. Unless you are ready to lose 100% of your stake I wouldn't touch it in a learning phase or a learned phase. Once allegations like this are made you have to do a huge amount of work to try to see the truth. And even then you are likely to be looking through a glass darkly.
