Finally, Tuya announced its financial results for the second quarter of 2021 and a disappointing outlook for third quarter of 2021. By August 2022, Tuya ADSs had dropped below $2 per ADS, or 90% below the price at which they were sold to the investing public. Next Steps: If you acquired shares of Tuya, Inc. pursuant to the Company's IPO, you have until October 11, 2022, to ask the court to appoint you lead plaintiff for the class. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. You do not have to participate in the case to be eligible for a recovery. All representation is on a contingency fee basis. Shareholders pay no fees or expenses.