Renren struggles to halt decline

Analysts point to lack of cash and poor decisions by management

Renren Inc was touted as the Facebook Inc of China when it debuted in New York in 2011. Today it is looking more like online flameout Myspace.

The stock has lost more than three - quarters of its value since 2011 and will drop about 18 percent over the next 12 months to $2.74, according to the average estimate of analysts surveyed by Bloomberg - the most bearish forecast among companies in a Bloomberg index of Chinese stocks traded in the US.