Momentum for Stocks

Many of today’s market rock stars, including Google (NASDAQ: GOOGLE), Amazon (NYSE: AMZN), (Netflix: NASDAQ: NFLX), Apple Inc. (NASDAQ: AAPL) and Costco Wholesale (NASDAQ: COST), are momentum stocks. The theory driving these stocks is that the new markets these companies create are capable of generating unlimited growth.

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Questionable Chinese App Files for $300 Million IPO

Momo is free to use, but it also sells digital content, such as apps and advertising. It also offers users a premium subscription service and accounts for business customers. Momo claims to have 180.3 million users, 25.5 million of whom supposedly use it every day. Momo also claims it made $13.9 million in revenue in the first half of 2013, most of which came from 2.3 million membership subscriptions.

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