Yalla (YALA) falls 5.02% in Active Trading on September 14

Equities Staff  |

Today, Yalla Group Limited - ADR Inc’s (NYSE: YALA) stock fell $0.46, accounting for a 5.02% decrease. Yalla opened at $9.21 before trading between $9.25 and $8.65 throughout Tuesday’s session. The activity saw Yalla’s market cap fall to $1,038,198,179 on 1,181,402 shares -above their 30-day average of 923,904.

About Yalla Group Limited - ADR

Yalla Group Limited is the leading voice-centric social networking and entertainment platform in the Middle Eastand Northern Africa(MENA). The Company's flagship mobile application, Yalla, is specifically tailored for the people and local cultures of the region and primarily features Yalla rooms, a mirrored online version of the majlis or cafés where people spend their leisure time in casual chats. Voice chats are more suitable to the cultural norms in MENA compared to video chats. The Company strives to maintain users' equal status on its platform, thereby encouraging all users to freely communicate and interact with each other. The Company also operates Yalla Ludo, a mobile application featuring online versions of board games that are highly popular in MENA, such as Ludo and Domino. In-game real-time chats and Ludo chat room functions are popular social networking features among users. Through close attention to detail and localized appeal that deeply resonates with users, Yalla's mobile applications deliver a seamless user experience that fosters a loyal sense of belonging, creating a highly devoted and engaged user community.

Visit Yalla Group Limited - ADR's profile for more information.

About The New York Stock Exchange

The New York Stock Exchange is the world’s largest stock exchange by market value at over $26 trillion. It is also the leader for initial public offerings, with $82 billion raised in 2020, including six of the seven largest technology deals. 63% of SPAC proceeds in 2020 were raised on the NYSE, including the six largest transactions.

To get more information on Yalla Group Limited - ADR and to follow the company's latest updates, you can visit the company's profile page here: Yalla Group Limited - ADR's Profile. For more news on the financial markets be sure to visit Equities News. Also, don't forget to sign-up for the Daily Fix to receive the best stories to your inbox 5 days a week.

Sources: Chart is provided by TradingView based on 15-minute-delayed prices. All other data is provided by IEX Cloud as of 8:05 pm ET on the day of publication.

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