JOYY → $250.00 by May 19, 2026.

been digging into JOYY's shift into AdTech following a CSC Financial deep-dive, and the macro logic holds up. Global programmatic budgets are shifting from the Open Web to closed-loop environments because the Open Web has become a "lemon market." Advertisers are currently spending $1 to only get $0.45 of reach due to MFA and opaque fees. As third-party cookies phase out, these closed-loop platforms are becoming the only safe harbor for measurable ROI. The real moat here isn't just traffic …