INVESTOR PLACE – Feb 4 – China dating app turned live-streaming platform Momo had a really good start to 2017. But the back half of the year wasn't as pretty. As soon as Chinese regulators started cracking down on live streaming – calling it harmful to social morality – investors freaked out that Momo's massive growth could disappear at any second. MOMO stock subsequently dropped from $40 in mid-2017 to $20 by late Nov 2017. Back in June, China's Ministry of Culture didn't put a halt on all live-streaming platforms. They simply shut down 12 apps for showing pornographic content. So long as MOMO plays by the rules, the app should continue to grow in popularity. Investors appear to be catching on that Chinese regulation concerns were overblown. MOMO stock is up 40% since early December.
by Luke Lango
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