Chinese social media company Momo (NASDAQ: MOMO) recently posted impressive second-quarter earnings that crushed analyst estimates on the top and bottom lines. Yet the stock, which has already more than doubled this year, fell 20% following the report -- presumably on concerns about its rising expenses, slowing growth, and rich valuation.
I previously highlighted Momo as a great growth play on the Chinese tech market but also warned that it would be a volatile investment. Does Momo's recent dip represent a buying opportunity for long-term investors?
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Source: Fool.com