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The results may have seemed explosive at first glance, with revenue and earnings more than tripling since the prior year, but the quarter-over-quarter comparisons weren't kind.
Momo gave flattish top-line guidance for the third quarter and closed out the second quarter with 4.1 million paying members, the same tally it reported three months earlier. " data-reactid="27"Shares of Momo shed nearly a fifth of their value the week it posted second-quarter results, in August.
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Singles Day is a shopping holiday along the lines of Prime Day or Black Friday.