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Topic - Echo He
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Renren has less than 5 percent of Facebook's 845 million-strong user base, isn't growing as fast, lacks market dominance in China, and may barely be profitable this year, compared to Facebook's hefty 27 percent net income margin, she said.
Maxim Group analyst Echo He said Renren is benefiting partly because it is one of the few Chinese Internet stocks that trades in the U.S. Even with Thursday's 8 percent bump, the stock is less than half of the IPO price of $14 set last May.