Analysts Unlike 'Facebook of China' Renren

The video discusses a once-prominent Chinese social media company, likened to Facebook, which has seen a significant decline in value since its public offering in 2011. Initially valued highly, it has lost over 75% of its value, with analysts predicting further decline. The company failed to adapt to market changes and competition from platforms like WeChat and Weibo, leading to a reduced user base and poor financial performance.

What is the comparison made between the social media platform and WeChat?

What do analysts recommend regarding the future of the social media platform?