Triller just got yeeted off the stock market. The app company blew deadlines for their financial paperwork, making Nasdaq delist their stock. A panel confirmed the boot after Triller missed filing its annual and quarterly reports. Their shares, traded as ILLR, are now only available over-the-counter.
The company blamed one technical issue with combining accounts for a US division. Management claimed they would fix everything within weeks. They hired a lawyer to appeal the decision, even asking the SEC for an emergency halt to the suspension.
This mess is another headache for the TikTok rival, which recently poached a TikTok product lead as its new CEO. Triller runs a social video app and a separate Asian fintech unit called AGBA. That finance segment saw its revenue plunge recently.
They are also drowning in lawsuits. Major music groups like Sony and Universal have sued over unpaid licensing fees. An indie label group, Merlin, also has an active case against them. A hedge fund sued as well, claiming AGBA failed to pay a 33 million dollar debt.
Triller stated their operations are normal and forecast strong growth this year.
The company blamed one technical issue with combining accounts for a US division. Management claimed they would fix everything within weeks. They hired a lawyer to appeal the decision, even asking the SEC for an emergency halt to the suspension.
This mess is another headache for the TikTok rival, which recently poached a TikTok product lead as its new CEO. Triller runs a social video app and a separate Asian fintech unit called AGBA. That finance segment saw its revenue plunge recently.
They are also drowning in lawsuits. Major music groups like Sony and Universal have sued over unpaid licensing fees. An indie label group, Merlin, also has an active case against them. A hedge fund sued as well, claiming AGBA failed to pay a 33 million dollar debt.
Triller stated their operations are normal and forecast strong growth this year.
