Why Jumia Technologies Stock Plunged Today

Shares of Jumia Technologies (NYSE: JMIA) were taking a dive today after the African e-commerce company posted disappointing results in its second-quarter report. Revenue fell even as investors were hopeful that the pandemic would give a jolt to the company's performance as it has with other e-commerce stocks.

As of 10:47 a.m. EDT, the stock was down 28.1%.

Image source: Jumia Technologies.

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Source Fool.com