www.benzinga.com/analyst-ratings/...h-mobile-is-worthless-com
According to the report, about 87 percent of Live.me revenue and 57 percent of Cheetah’s utility revenue simply doesn’t exist based on data from App Annie Intelligence.
“CMCM is its own largest Live.me customer, based on our research – of what revenue Live.me does generate, we estimate 75% came from CMCM’s balance sheet and was spent in the app via company-controlled accounts,” Prescience Point claims in the report.
After growing suspicious of Cheetah’s reported monthly active user growth of 17.7 percent from second-quarter 2015 to Q2 2017, Prescience tried to verify the claims using App Annie Intelligence data. Instead, the third-party data revealed a 49.9-percent decline in core utility app MAUs, calling into question the company’s reported MAU growth.