Cheetah Mobile Is a Dead Company Walking
Cheetah Mobile's (NYSE: CMCM) stock plunged over 40% this year, with most of the decline occurring in late February after Alphabet's (NASDAQ: GOOG) (NASDAQ: GOOGL) Google booted Cheetah's apps from its Play Store and advertising platforms.
Cheetah had repeatedly run afoul of Google's policies over the past six years, due to misleading ads and a "click fraud" scheme, in which ad clicks were " injected" into apps to juice ad revenue without real human clicks. Facebook (NASDAQ: FB) also suspended all of Cheetah's ads in late 2018 over similar allegations.
Those problems caused investors to dump Cheetah's stock, which currently trades 85% below its IPO price of $14. Unfortunately, Cheetah's latest fourth-quarter report suggests that the stock could head much lower in this ugly market.
Source Fool.com
