Why Sea Limited Stock Plunged This Week
Shares of Sea Limited (NYSE: SE) were taking a dive this week after the diversified Southeast Asian tech company posted disappointing results in its third-quarter earnings report. Sea, which operates as an online gaming, e-commerce, and digital payments company, posted a surprise loss in the quarter, adding to concerns about a lack of financial discipline.
Through Thursday's market close, the stock was down 16.7% for the week.
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Source Fool.com