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Wish Stock’s mid quarter report declined

ContextLogic is a website and a mobile app that focuses on e-commerce, providing personalized shopping experience for customers that are looking into discounted stuff online. Aside from the search function, the site offers and focuses on the personalized live feed list based on purchase history of the user, compared to other e-commerce platforms out there that focuses on search option.

And compared to others such as Amazon, Wish (ContextLogic) is being tagged as one of the cheaper platforms since most of the items included are discounted.

The value proposed by Wish is to assist customers in selling and purchasing items at bargain prices. The company is able to earn through 3 different ways. First, the core marketplace where commission is being applied for items that are successfully sold on the website.

Second, the option for merchants to have their products ‘boosted’, as such their items would appear more often on the live feed of more customers for more potential buyers. Lastly, their revenue from logistics, or helping sellers have the products delivered successfully to the buyers.

Most of the buyers from Wish are from Europe and North America, while merchants are mostly from China, thus logistics assistance from the company is a big help to the merchants and give more value and profit to Wish.

As for what happened to Wish Stocks, it’s been bleeding for a couple of days as we speak. Monday last week, May 24th, the stocks was down by 12% at market close. After its record high of $32.85 this year, the stock has constantly declining since then and is currently down by 75% from its peak.

 A lot of factors are currently affecting the bearish streak of the stock, such as the Q1 earnings repost reflecting losses of $128 million which was higher than expectations. There is also the current market fear over inflation causing growth stocks to slide down, and even though most of the impact was already alleviated by the FOMC statement released two weeks ago, some stocks are continuously being affected by it.

There was also the selling on May 18, wherein the CFO of ContextLogic sold $1.6 million worth of stock, greatly affecting the market mood versus the Wish stocks.

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