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Alleging a company's core asset that is being bought for cash by another company in their backyard is a fraud is a bold fucking call. Not only did $YY sell its Chinese business to $BIDU, but also sold its gaming asset $HUYA to Tencent.
$YY's international asset has consistently been top 10 on Sensor Tower data, Google Play store, etc.
We have spoke with several former executives at Bigo, YY, and competitors. We pressed them hard on how ethical the management team was and whether accounting was legitimate. All said $BIGO generated positive FCF, company was above board.
So if this company is a fraud, the following must be true:
1) They tricked $BIDU
2) They possibly tricked Tencent
3) They planted ex-executives with expert networks to make false claims.
4) They tricked the Google/App store data.
1) They tricked $BIDU
2) They possibly tricked Tencent
3) They planted ex-executives with expert networks to make false claims.
4) They tricked the Google/App store data.
5) They tricked the Indian government, which banned Bigo recently.
6) Why would $YY report weak sales/earnings in China in recent periods?
6) Why would $YY report weak sales/earnings in China in recent periods?
