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API - Clubhouse Tech Partner Agora Gets Wings Clipped In China Crossfire
Agora Inc.
Company’s shares have tumbled more than two-thirds from a February high on concerns related to its China roots.
Agora’s latest quarterly results show shortfalls in its earnings and margins due to rising expenses.
A year after a sparkling IPO, company’s stock has been hobbled by high-profile setbacks related to audio chat app Clubhouse and education giant New Oriental.