Why Global-e Shares Plunged 68% in the First Half of 2022
Shares of cross-border e-commerce company Global-e Online (NASDAQ: GLBE) lost nearly 70% of their value in the first half of 2022, according to data provided by S&P Global Market Intelligence. The company is experiencing incredible growth, but it's high valuation and increasing losses are seen as drawbacks in a market that prioritizes safety and value.
Global-e provides global shipping and payment solutions for e-commerce companies. These services include checkout in more than 200 currencies, one-click shipping and customs fees information, and many similar functions.
The platform integrates into almost any existing website and makes it easy to go global. It's not surprising that many companies are opting in, purchasing packages that can increase their global reach and up their revenue.
Source Fool.com
