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Moatable, Inc. - $MTBL STOCK NEWS

Welcome to our dedicated page for Moatable news (Ticker: $MTBL), a resource for investors and traders seeking the latest updates and insights on Moatable stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Moatable's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Moatable's position in the market.

Rhea-AI Summary

Moatable, Inc. announced the appointment of Mr. Grant Moon, a veteran with extensive experience in real estate and fintech industries, to its Board of Directors. Mr. Moon's background includes founding and leading successful financial technology companies and serving in the US Army. His expertise is expected to enhance Moatable's strategic direction and operations.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
28%
Tags
management
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Rhea-AI Summary
Moatable, Inc. (MTBL) announced the resignation of Director James Reed from the Company's Board of Directors, effective April 12, 2024, due to personal reasons. The resignation was not due to any disagreement with the Company. Moatable operates two US-based SaaS businesses, Lofty Inc.© and Trucker Path Inc.©. Chairman and CEO, Mr. Joseph Chen, expressed gratitude for Mr. Reed's contributions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
12.5%
Tags
management
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Rhea-AI Summary
Moatable, Inc. (NYSE: MTBL) faces delisting from the New York Stock Exchange due to falling below the listing standard market capitalization. The company's ADSs will be suspended immediately, with trading moving to the OTC Markets' Pink market. Moatable has the right to appeal this decision within ten business days.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-33.33%
Tags
none
Rhea-AI Summary
Moatable, Inc. (MTBL) will hold its annual general meeting on June 3, 2024, for shareholders to attend. The meeting is informational with no resolutions to vote on. The record date for attendance is April 12, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-30.77%
Tags
none
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Rhea-AI Summary
Moatable, Inc. (NYSE: MTBL) operates Chime Technologies Inc. and Trucker Path Inc. The company received a notification from the NYSE for being below compliance criteria due to the average closing price of its ADSs being less than $1.00. Moatable has six months to regain compliance.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
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none
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Rhea-AI Summary
Moatable, Inc. (NYSE: MTBL) reports a positive financial performance in Q3 2023, with an 11% increase in revenue, totaling $13.3 million, and a 13% increase in gross profit, reaching $10.5 million. Loss from operations improved by 72%, and adjusted income from operations saw a 102% improvement, turning a loss of $1.9 million in Q3 2022 into an income of $43 thousand in Q3 2023. The company's total cash and cash equivalents and short-term investments amounted to $49.9 million at the end of Q3 2023. Moatable's CFO, Michael Schifsky, expressed satisfaction with the steady revenue growth and the return to profitability, emphasizing the company's focus on rationalizing cost structures to achieve profitability.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.09%
Tags
Rhea-AI Summary
Moatable, Inc. announces the resignation of Mr. Lin Cong from the Board of Directors and the appointment of Ms. Rebecca Polak as director and Mr. Michael Schifsky as interim Chief Financial Officer.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.88%
Tags
management
-
Rhea-AI Summary
Moatable, Inc. (NYSE: MTBL) reported a 17% increase in revenue to $12.9 million in Q2 2023, with an improved gross profit and decreased loss from operations. However, the company's cash and short-term investments decreased to $39.9 million compared to $49.9 million in Q1 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.38%
Tags
-
Rhea-AI Summary
Moatable, Inc. (NYSE: MTBL) has officially changed its corporate name from Renren Inc. and will now trade under the ticker symbol MTBL. The new corporate name is effective immediately.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-13.94%
Tags
none
Moatable, Inc.

NYSE:MTBL

MTBL Rankings

MTBL Stock Data

10.37M
112.58M
57.48%
22.7%
0.04%
Software Publishers
Information
Link
China (Mainland)
Beijing

About MTBL

renren inc. (nyse: renn) nastaq listed company back in 2011, started as a leading social networking company, is now transformed to be and an internet finance technologies company, running business both in china and in the us market. ren ren has various business lines , such as live broadcasting, overseas real estate fin tech business, financial services etc. ren ren also has strategic invested portfolio companies in fintech field, we are the earlier investor in many high growth us fintech and saas companies such as sofi, lendinghome, onerent and fiscalnote. 人人公司(股票代码:renn)为纽交所上市公司,运营中国领先的实名制社交网络和互联网金融业务,目前定位于全球化金融科技公司,互联网金融业务主要包括消费金融和汽车金融。除金融外,公司旗下还拥有直播、海外房地产等业务。公司创始人陈一舟先生,是中国互联网产业的开拓者之一。 金融业务板块中,人人金控运营的二手车b2b金融业务,无论是放贷量、客户量、还是风控水平,都是国内最领先的公司之一。直播业务即“人人直播”,基于人人的社交基因,品牌定位于“玩真的”,是国内最有创意、最受年轻人欢迎的直播产品。海外业务正在积极布局中,已经开始运营的房地产saas项目一经推出便得到广泛关注。 再者,人人公司在金融科技领域的战略投资也颇具影响力和特色。目前在海内外投资了约50多家公司。投资的公司有雪球、星图智控、金斧子、买单侠、sofi, gogovan, lendinghome, onerent and fiscalnote等.