BUZZ-US-listed shares of JOYY fall after Wolfpack Research says short on stock

Reuters

2024-12-18

BUZZ-US-listed shares of JOYY fall after Wolfpack Research says short on stock

** U.S.-listed shares of Chinese social live-streaming platform JOYY Inc YY.O fall as much as 10.6% to $35.01 in early market trade

** Short on YY, as the company's largest revenue contributor, Bigo Live, has been removed from Google Play Store and App Store since early December - Wolfpack Research, in a message posted on X

** Management has yet to inform shareholders of this "catastrophic" issue, in a "typical China Hustle fashion" - short seller

** Up to last close and including session moves, the stock down 1.3% YTD

(Reporting by Neil J Kanatt in Bengaluru)

((Neil.JKanatt@thomsonreuters.com;))

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