What's the issue with wish stock
Out of all the IPOs from last year looks like WISH is the worst performing stock , any reason for that ?#investments #wish
They keep on wishing it would go higher but that wish ain’t coming true
Amazon > wish
Wishful thinking
Their product is too low
Their business model doesn’t work in the west
I think it didnt use to,, but the lower income demography which Wish is targeting ( household income lesser than 60-70k/year) is increasing per industry research in West. They have the growth but seems retention is issue per latest ER.. West is getting lesser and lesser brand loyal conscious and more price conscious ( Gen-Z and later) . Just my opinion, its not a Searchable E Comm Company,, its a social e commerce ( non searchable , surprise me with new items in market type) company which I see huge potential once they have sellers/merchants from various countries added to their army.
The brand has become a meme for false advertising. Why would anyone invest in it?