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Renren CEO forecasts a profit "very soon"
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NEW YORK (Reuters) - Renren Inc investors shouldn't have to wait too long for one of China's largest social networks to post a profit, Chief Executive Officer Joseph Chen said on Wednesday.
Reporting a profit "will be definitely very soon," Chen...
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NEW YORK |
Wed May 4, 2011 10:50am EDT
NEW YORK (Reuters) - Renren Inc investors shouldn't have to wait too long for one of China's largest social networks to post a profit, Chief Executive Officer Joseph Chen said on Wednesday.
Reporting a profit "will be definitely very soon," Chen told Reuters Insider on a day the shares surged nearly 50 percent in their stock market debut on the New York Stock Exchange.
(Reporting by Jen Rogers and Brett Gering)
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