Renren (RENN -1.2%) is downgraded to Sell at Deutsche Bank, as the Chinese social networking...

|About: Renren Inc. (RENN)|By:, SA News Editor

Renren (RENN -1.2%) is downgraded to Sell at Deutsche Bank, as the Chinese social networking platform ramps up investment in R&D and new product promotions. The firm expects the expenses to significantly affect profitability in the next 4-6 quarters, viewing visibility of return on the investments as "weak at the current stage."