Chinese Social Media Powerhouse Momo Inc. (NASDAQ: MOMO) Renews its Drive Amid Pandemic-era Adversity
Chinese mobile-based social and entertainment platform operator Momo is regrouping and revisiting its successes after suffering a pair of adverse conditions resulting from government concerns and pandemic problems Momo has developed a prominent reputation as “China’s Tinder” through its Tantan dating service platform and its Momo streaming video app The company saw some of its top leadership positions change last year in response to declines in revenue and stock value The company has generated some encouraging reports since the start of the year with a brief surge in stock value and forecasts that anticipate it will “retain growth momentum on…