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I found this company growing 100% and trading at 25x EARNINGS! Yeah, the same valuation than $FB (long FB 🚀).
Yalla is the leading audio app of Middle East and North Africa. It's founded by a bunch of Chinese, but the company is based on Dubai (I don't know how trustworthy is UAE). You can think about Yalla as a mix of Clubhouse and Discord.
For me, a Latin westernized guy, the app is very weird. But I learned that every region demands its own weirdness and the financials show that they're doing a good job.
If Twitter is said to be willing to buy Clubhouse for 4B (pre-revenue) and Microsoft is said to be willing to buy Discord at 20B (20x sales), couldn't we say that this stock is undervalued at 3.5B?
I just read some articles at Seeking Alpha. Also, it would help a lot if some people from MENA could give any insights.
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