Problems at Yalla Group (YALA)

Problems at Yalla Group (YALA)

Yalla Group (NYSE: YALA — $2.45 billion) is an audio-based social network sometimes called “the Clubhouse of the Middle East.” Yalla makes money when users buy virtual stickers as gifts for other participants. The company recently faced fraud allegations, which appear substantiated but have not received proper attention from Wall Street. If the fraud al…