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Wish Stock Is Down 70%: Is It a Buy?

TheMotleyFool

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ContextLogic (NASDAQ: WISH), the parent company of the Wish e-commerce marketplace, made its market debut last December. But after less than six months on the public markets, the company's stock is already down more than 70% from its highs.

Despite consistently growing its revenue, the company has been plagued by losses, which seems to have driven investors away. Let's see whether or not Wish can turn things around.

Image source: Getty Images.

Source Fool.com

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