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

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."
Comments (1)
  • Renren is a longtime play eventually they will do very well because they are alone in their field with good people on top. The American markets are not happy that they can not come in with Facebook wait till Renren is listed on the Chinese markets and then it will explode the same as Baidu. I think towards the end of the year it will start to move.Patience............
    24 Feb 2012, 11:07 AM Reply Like
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