{"id":385733,"date":"2020-11-19T18:03:22","date_gmt":"2020-11-19T23:03:22","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=385733"},"modified":"2020-11-19T18:03:22","modified_gmt":"2020-11-19T23:03:22","slug":"investor-alert-law-offices-of-howard-g-smith-announces-investigation-of-joyy-inc-yy-on-behalf-of-investors","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-law-offices-of-howard-g-smith-announces-investigation-of-joyy-inc-yy-on-behalf-of-investors\/","title":{"rendered":"INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation of JOYY Inc. (YY) on Behalf of Investors"},"content":{"rendered":"

<\/p>\n

INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation of JOYY Inc. (YY) on Behalf of Investors <\/b><\/p>\n

BENSALEM, Pa.–(BUSINESS WIRE<\/a>)–
\nLaw Offices of Howard G. Smith announces an investigation on behalf of JOYY, Inc. (\u201cJOYY\u201d or the \u201cCompany\u201d) (NASDAQ: YY<\/a>) investors concerning the Company\u2019s possible violations of federal securities laws.\n<\/p>\n

\nOn November 18, 2020, Muddy Waters Research published a report entitled “YY: You Can’t Make This Stuff Up. Well\u2026Actually You Can,\u201d alleging that the Company “is a multibillion-dollar fraud.” The report concluded \u201cthat YY’s component businesses are a fraction of the size it reports, and that the company’s reported user metrics, revenues, and cash balances are predominantly fraudulent[,]” and that “[a]pproximately 84% of YY’s reported consolidated revenue appears to be fraudulent.”\n<\/p>\n

\nOn this news, JOYY American depositary shares (“ADSs”) price fell $26.53 per ADS, or 26%, to close at $73.66 per ADS on November 18, 2020.\n<\/p>\n

\nIf you purchased JOYY securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com<\/a>, or visit our website at www.howardsmithlaw.com<\/a>.\n<\/p>\n

\nThis press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20201119006197\/en\/<\/a><\/span><\/p>\n

\nLaw Offices of Howard G. Smith
\n
Howard G. Smith, Esquire
\n
215-638-4847
\n
888-638-4847
\n
howardsmith@howardsmithlaw.com
\n<\/a>
www.howardsmithlaw.com<\/a><\/p>\n

KEYWORDS:<\/b> United States North America California Pennsylvania<\/p>\n

INDUSTRY KEYWORDS:<\/b> Legal Professional Services<\/p>\n

MEDIA:<\/b><\/p>\n\n","protected":false},"excerpt":{"rendered":"

INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation of JOYY Inc. (YY) on Behalf of Investors BENSALEM, Pa.–(BUSINESS WIRE)– Law Offices of Howard G. Smith announces an investigation on behalf of JOYY, Inc. (\u201cJOYY\u201d or the \u201cCompany\u201d) (NASDAQ: YY) investors concerning the Company\u2019s possible violations of federal securities laws. On November 18, 2020, Muddy Waters Research published a report entitled “YY: You Can’t Make This Stuff Up. Well\u2026Actually You Can,\u201d alleging that the Company “is a multibillion-dollar fraud.” The report concluded \u201cthat YY’s component businesses are a fraction of the size it reports, and that the company’s reported user metrics, revenues, and cash balances are predominantly fraudulent[,]” and that “[a]pproximately 84% of YY’s reported consolidated revenue appears to … <\/p>\n

Continue reading “INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation of JOYY Inc. (YY) on Behalf of Investors”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-385733","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nINVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation of JOYY Inc. 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(\u201cJOYY\u201d or the \u201cCompany\u201d) (NASDAQ: YY) investors concerning the Company\u2019s possible violations of federal securities laws. On November 18, 2020, Muddy Waters Research published a report entitled “YY: You Can’t Make This Stuff Up. Well\u2026Actually You Can,\u201d alleging that the Company “is a multibillion-dollar fraud.” The report concluded \u201cthat YY’s component businesses are a fraction of the size it reports, and that the company’s reported user metrics, revenues, and cash balances are predominantly fraudulent[,]” and that “[a]pproximately 84% of YY’s reported consolidated revenue appears to … Continue reading "INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation of JOYY Inc. 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