Tech IndustryMay 13, 2021
RBCBigNIntern
Wish stock crashes to 1/4 its ATH after earnings
WISH crashed from its ATH of 33 to 8 after earnings yday, 5.02B valuation. Holy f**k, a lot of newly IPOd companies have hit all-time lows lately (DoorDash, Snowflake, Coinbase, Bumble, Coupang, Opendoor), and a number of somewhat recent IPOd companies have also been on a downward slide since April (Lyft, Uber, Pinterest, Snap) but Wish has been absolutely massacred.
Great time to join probably
Wish is trying to make stimmied idiots perform a “short squeeze” on them just long enough for the employees to dump all their shares.
Cheap Chinese dildos gonna save us 💯
Was planning to invest, but their checkout flow was a complete broken dumpster fire. It wouldn't even let me enter my address. Unbelievable shit quality for an e-commerce app.
It’s a dogshit company that burns money
Definitely hate their logo on the Lakers Jerseys. Isn’t it just a Chinese company that dropships cheap ass items?
Their vendors are Chinese but the company is based in the bay area. The company actually operates under a different name (Context Logic), which might be why you didn't know that.