 | Your browser does not display parts of our website correctly. We use the latest technology available to provide you with a high quality experience; please upgrade your browser to its latest version to view the contents properly: |
Yalla Group Limited (YALA) operates a voice-centric social networking and entertainment platform under the Yalla name primarily in the Middle East and North Africa region.
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 of them 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.
The company was formerly known as FYXTech Corporatio.
Yalla Group Limited was incorporated in 2018 and is headquartered in Dubai, the United Arab Emirates.
After a strong increase in earnings, this stock is ready to head higher as it moves along its trendline support.
Entry Point: $16.75
Stop Loss: $15.90
Trading Range: $6.26 - $23.18
Target Price: $18.50
YALA closed at $19.65
