| by Cara Lui | No comments

[$Momo]’s Sales Drops After launching a new Teen-Mode

Chinese Dating App Momo (Nasdaq: MOMO)’s in-app purchase sales have dropped recently since its recent update with a new feature called Teen-Mode. This brand new mode prevents all users under 18 years old to use some of its most profitable features such as purchasing in-app items or virtual gifting while watching live-streaming. According to its […]

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| by Charlie Sheng | No comments

[$MOMO]’s Q2 Earnings Beat Estimates, Keeps the Momentum after 5 years of Growth

China’s social networking company Momo Inc. MOMO  just recently tops Fortune’s fastest-growing companies. Right after the good news, Momo prooves it by announcing its second-quarter financial report with growth. In the Q2 report, Momo’s revenues increased 32% year over year due to the steady growth of its main revenue source : in- app-purchase items for […]

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