RenRen market cap $4 Billion a typo?
So I was browsing stocks on yahoo/bloomberg and when I came across Renren I noticed that for some reason, the market capitalization is shown to be about $4 Billion?
Is that a typo? Or maybe the market cap is in different currency (yuan instead of dollar) but their share price is quoted in USD about $10.
I know I must be reading it wrong, please tell me what is it really saying when it says renren market cap is $4 billion.
Thanks
http://www.google.com/finance?q=NYSE%3ARENN
Why would it be a typo? Share price closed at 9.17 with ~ 392 million shares outstanding, vis a vis 3.6ish B market cap. It's just multiplication my friend.
The curious case of the tech bubble, 2.0. With Chinese crap leading the way.
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