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Why Qutoutiao Stock Dipped Today

Jeremy Bowman, The Motley Fool
·2-min read
Why Qutoutiao Stock Dipped Today

Shares of Qutoutiao (NASDAQ: QTT), the Chinese content aggregator, were sliding after the company issued a disappointing third-quarter earnings report today. The company has been struggling to recover after the state-owned China Central Television (CCTV) network accused Qutoutiao of selling suspicious ads with false information at a high-profile consumer rights show back in July. Qutoutiao saw both monthly active users and daily active users fall in the quarter as the company's app was removed from several major Android app stores for two weeks in July, in the aftermath of CCTV's accusations.

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