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WEBTOON Entertainment Inc. (WBTN): A Bull Case Theory 

We came across a bullish thesis on WEBTOON Entertainment Inc. on Mispriced Assets’s Substack by Nick Nemeth. In this article, we will summarize the bulls’ thesis on WBTN. WEBTOON Entertainment Inc.'s share was trading at $13.91as of December 2nd.

Webtoon Entertainment (Nasdaq: WBTN) has rapidly emerged as a global leader in digital comics, operating a mobile-first platform that allows creators—ranging from amateurs to professionals—to publish episodic stories in multiple languages across over 150 countries. With 155 million monthly active users and over 24 million...