If You'd Invested $1,000 in Wish in 2020, This Is How Much You Would Have Today
ContextLogic (NASDAQ: WISH), which is often referred to by the name of its e-commerce platform, Wish, went public at $24 per share last December. But if you had invested $1,000 in Wish's stock at its IPO price, your investment would only be worth about $250 today. Let's see why Wish failed to impress the market.
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Wish's online marketplace connects sellers, most of whom are located in China, with buyers in over 100 countries. Wish's sellers generally offer their products at lower prices than other online marketplaces, but it can take weeks for those orders to arrive.
Source Fool.com