May 4, 2011 / 2:53 PM / 6 years ago

Renren CEO forecasts a profit "very soon"

1 Min Read

NEW YORK (Reuters) - Renren Inc investors shouldn't have to wait too long for one of China's largest social networks to post a profit, Chief Executive Officer Joseph Chen said on Wednesday.

Reporting a profit "will be definitely very soon," Chen told Reuters Insider on a day the shares surged nearly 50 percent in their stock market debut on the New York Stock Exchange.

Reporting by Jen Rogers and Brett Gering

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