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Why ContextLogic Plummeted 30% Today

Author Bio
Rich has been a Fool since 1998 and writing for the site since 2004. After 20 years of patrolling the mean streets of suburbia, he hung up his badge and gun to take up a pen full time. Having made the streets safe for Truth, Justice, and Krispy Kreme donuts, he now patrols the markets looking for companies he can lock up as long-term holdings in a portfolio.
His coverage reflects his passion for motorcycles, booze, and guns (though typically not all exercised at the same time), but his writing also covers the broader sectors of consumer goods, technology, and industrials. So follow along as he tries to break down complex topics to make them more understandable and useful to the average investor. ....

Piotr Szulczewski , Rajat Bahri , Wall Street , ராஜாத் பஹ்ரி , சுவர் தெரு ,

Wish says improvements address customer complaints about delivery and other issues

Wish says improvements address customer complaints about delivery and other issues
Last Updated: Dec. 18, 2020 at 9:06 a.m. ET
First Published: Dec. 17, 2020 at 2:47 p.m. ET
By
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Wish parent ContextLogic Inc.’s
WISH,
+1.24%
Chief Financial Officer Rajat Bahri says that customers longing for a better experience with the Wish mobile shopping app are getting it, thanks to improvements the company has made to different parts of the platform over the last couple of years.
There have been media reports of deliveries and refunds taking months to arrive. And MarketWatch has received messages from customers who make similar complaints.
Bahri says the company has taken action, and will continue ....

Rajat Bahri , Contextlogic Inc , Chief Financial Officer Rajat Bahri , ராஜாத் பஹ்ரி , தலைமை நிதி அதிகாரி ராஜாத் பஹ்ரி ,

Amazon rival Wish tanks on Wall Street debut despite online shopping boom

Amazon rival Wish tanks on Wall Street debut despite online shopping boom
Follows concerns that an overheated stock market is pushing tech valuations too high
16 December 2020 • 6:39pm
Footballer Gareth Bale has promoted Wish
Shares in Wish tanked on their Wall Street debut on Wednesday, wiping $1.7bn (£1.2bn) off the e-commerce app’s market value and bringing a disappointing end to a bumper year for tech floats.
The San Francisco-based unicorn’s sliding valuation provided light relief after several wild weeks of inflated technology valuations, and signaled that retail investors frenzied demand for tech shares is waning.
Loss-making Wish priced its shares at $24 on Tuesday night, giving it a valuation of just over $14bn. ....

United States , United Kingdom , Peter Szulczewski , Rajat Bahri , Wall Street , San Francisco Based , Silicon Valley , Middle East , South America , Eastern Europe , ஒன்றுபட்டது மாநிலங்களில் , ஒன்றுபட்டது கிஂக்டம் , ராஜாத் பஹ்ரி , சுவர் தெரு , சான் பிரான்சிஸ்கோ அடிப்படையிலானது , சிலிக்கான் பள்ளத்தாக்கு , நடுத்தர கிழக்கு , தெற்கு அமெரிக்கா , கிழக்கு யூரோப் ,