Where Will Wish Be in 5 Years?
ContextLogic (NASDAQ: WISH), the parent company of the e-commerce platform Wish, has been a tough stock to own. It went public just over a year ago at $24 per share, but it's now only trading at about $3 a share.
Wish's stock tumbled as its monthly active users (MAUs) declined, its revenue growth decelerated, and it continued to bleed red ink. Its logistics and quality control issues, the abrupt resignation of its founder and CEO Piotr Szulczewski, regulatory headwinds in France, and insider sales exacerbated that sell-off.
I've covered Wish's history and its recent troubles before, but I haven't talked a lot about its longer-term growth potential. So today I'll discuss what the next five years might look like for Wish.
Source Fool.com
