3 Things About Wish That Smart Investors Know
ContextLogic (NASDAQ: WISH), the parent company of the e-commerce platform Wish, went public at $24 per share last December. Founder and CEO Piotr Szulczewski will step down next February, and the company expects its revenue to decline sequentially in the fourth quarter -- even after factoring in the busy holiday shopping season. All those challenges, along with its ongoing logistics and quality control issues, caused investors to head for the exits.
