Muddy Waters Is Short JOYY Inc (YY)

Muddy Waters Research is short JOYY Inc (NASDAQ:YY).Q3 2020 hedge fund letters, conferences and moreMuddy Waters’ Short Case For JOYY IncWhile trawling the sewers of the world’s capital markets over the past 10 years, irony has never been in short supply. And yet, nothing could prepare us for the surreality of Baidu announcing its intention to buy YY Live from JOYY, which happened just as we were preparing to reveal that our year-long investigation shows YY Live is about 90% fraudulent.It was clear to us from early on that YY Live was almost entirely fake. YY Live is an ecosystem of mirages. I…

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HEDGE accordingly