Written by: Roshan Dwivedi
Momo Inc.’s 123% third-quarter return was the fourth best among US listed stocks having market values worth at least $2 billion. According to Credit Suisse, the live streaming industry has grown by 175% over the past one year and analysts see more room for Momo’s returns, expecting 23% rise more.
The live streaming boom in countries from Russia to India is fueled by a shift from personal computers to mobile, more smartphones and better broadband connectivity. In china, live streaming emerged as a chepear option for millennials, who does not have budget for bigger entertainment, states Credit Suisse.