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Wish Is Not Out of the Woods Yet

TheMotleyFool

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ContextLogic (NASDAQ: WISH), better known as Wish, was once a fast-growing e-commerce platform, but since going public at $24 per share in Dec. 2020, it has become one of the worst-performing tech stocks on the market. Shares are down nearly 95% from the IPO -- as a Wish investor, I have been appalled by its poor performance.

Still, I am hopeful Wish can turn around its business. To this end, I searched for hints of a turnaround when going through its first-quarter earnings results. Here are three takeaways I found.

Image source: Getty Images.

Source Fool.com

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