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SONG - Research - Akazoo (SONG) - Selective With Its Opportunities For Expansion
Akazoo S.A.
Shares significantly off of recent highs. We do not believe that there is a fundamental reason for the recent weakness. The SONG shares are down 39% from its recent high of $6.74 in September, 2019. Recent article highlights competition in India. Akazoo is not in India given that management believed that it would not be able to monetize the subscribers and that India would be unprofitable. The company chooses markets that it believes will be profitable.Read More >>