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Why Momo Stock Fell 58% Last Year

TheMotleyFool

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Shares of Momo (NASDAQ: MOMO), the Chinese online dating service, took a dive last year due to a combination of factors, including the coronavirus pandemic and a consistent decline in sales as it tightened its video content. According to data from S&P Global Market Intelligence, the stock finished last year down 58%.

As you can see from the chart below, shares declined throughout the year.