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  "documentTitle": "Momo, Inc. (MOMO)",
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      "kind": "callout",
      "text": "We've never been positioning Momo as a live stream company (Really??), it's just where we make all of our money.",
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      "text": "Although it's less profitable we have to do it anyway for the sake of the business long-term.",
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      "text": "So the Live Video cash cow's best days appear behind it?",
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      "text": "We've actually redirected these Small Users towards activities where we don't get paid.",
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      "text": "Given the lack of data transparency into Momo’s businesses, one must pay particular attention to management’s (translated) comments. Based on recent statements, it appears that they are looking to diversify from Live Video while becoming increasingly dependent on agencies.",
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      "text": "We've never been positioning Momo as a live streaming company. We have always been positioning Momo as a social company and we're seeing these - the user experience, the social experience around the newer used cases are actually pretty good in some ways actually better than the live streaming service. — Tang Yan",
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      "text": "Strategic Shift After Flattening Paid User Growth in Live Video During Q2 And Q3 2017",
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