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- NesaraimeNesaraime
  ·2021-12-20
  Guess it’s time for me to finally take my losses and leave 🤡
  ContextLogic Will Need More Than a New CEO Before WISH Stock Turns Around
  WISH stock is likely to crater much more given its huge cash burn and the need for a new CEO to slash costs and raise capital
  ContextLogic Will Need More Than a New CEO Before WISH Stock Turns Around
  1,389 评论
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- NesaraimeNesaraime
  ·2021-12-17
  Shorting it HARD
  非常抱歉，此主贴已删除
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- NesaraimeNesaraime
  ·2021-11-24
  Be smart guys. Take profits where you need to, buy the dip as winter sets in
  非常抱歉，此主贴已删除
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- NesaraimeNesaraime
  ·2021-11-24
  Q4 gonna make or break amc. Retail apes can’t help them no more
  非常抱歉，此主贴已删除
  1,186 评论
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- NesaraimeNesaraime
  ·2021-11-23
  Calm. Supply chain woe guidance not present
  非常抱歉，此主贴已删除
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- NesaraimeNesaraime
  ·2021-09-30
  This is common sense. Why did “industry pros” need to be consulted for this, other than to serve as a click bait title?
  非常抱歉，此主贴已删除
  1,850 评论
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- NesaraimeNesaraime
  ·2021-08-13
  Gotta buy now. Wish is basically taobao and ezBuy for Americans. If you love tb, buy $WISH
  ContextLogic shares fell 19.13% in premarket trading
  ContextLogic shares fell 19.13% in premarket trading. The parent of e-commerce site Wish said deman
  ContextLogic shares fell 19.13% in premarket trading
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it’s time for me to finally take my losses and&nbsp;leave 🤡","listText":"Guess it’s time for me to finally take my losses and&nbsp;leave 🤡","text":"Guess it’s time for me to finally take my losses and leave 🤡","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/693622493","repostId":"1149637008","repostType":2,"repost":{"id":"1149637008","kind":"news","pubTimestamp":1639978247,"share":"https://www.laohu8.com/m/news/1149637008?lang=&edition=full","pubTime":"2021-12-20 13:30","market":"us","language":"en","title":"ContextLogic Will Need More Than a New CEO Before WISH Stock Turns Around","url":"https://stock-news.laohu8.com/highlight/detail?id=1149637008","media":"InvestorPlace","summary":"WISH stock is likely to crater much more given its huge cash burn and the need for a new CEO to slash costs and raise capital","content":"<p>I have been deeply skeptical of&nbsp;<b>ContextLogic</b>(NASDAQ:<b><u>WISH</u></b>) stock, as you might have guessed if you read my last article about WISH stock on June 18.</p>\n<p>The title of that article, “Wish Stock Is Cheap, But Not a Bargain,” displayed my belief that WISH stock was not going to rise anytime soon.</p>\n<p>In fact, I should have been even more skeptical. Since then, WISH stock has fallen from $11.40 to $3.11 per share as of Dec. 16. What a disaster. Everyone in this stock has lost money.</p>\n<p>So it shouldn’t have surprised anyone when management told WISH stock investors on Nov. 10 that the CEO was going to be replaced.</p>\n<p>For some reason, he was kept on the job until a replacement became available. Personally, I would have gotten rid of him well before this.</p>\n<p><b>What Is Going On At ContextLogic</b></p>\n<p>The reason is that this company is not only unprofitable but burning through cash like wildfire. The company calls itself one of the world’s largest e-commerce sites, and that might well be true. But from what I can see, it’s also one of the world’s most<i>unprofitable</i>e-commerce firms.</p>\n<p>Let’s take a look at the cold hard reality, and why the CEO was fired. I like to pass over all the nonsense that most companies put out about their fast growth rates and go straight to the cash flow statements.</p>\n<p>Page 8 of the shareholder letter&nbsp;has the three and nine-month cash flow statements ending Sept. 30. It shows that operating cash flow was negative $902 million over the first 9 months of 2021. In addition, for the last three months of that period, ContextLogic burnt through $344 million.</p>\n<p>Here is why that is so bad. If this cash burn rate keeps up, the company will eat through all of its cash. The $344 million Q3 cash burn works out to $1.376 billion. The problem is, ContextLogic has just $1.072 billion in cash and $143 million in marketable securities. Total cash and securities are only $1.215 billion.</p>\n<p>The market knows the company is quickly nearing a point where it is either going to have to borrow debt, raise more equity or both. Whatever the case, it won’t be good for shareholders or company value. The bottom line is that the company needs to get profitable from a cash flow standpoint.</p>\n<p>And things are actually worse than that. Because of the company’s negative cash flow margins, the higher it grows sales, the higher its losses will grow. This is essentially a death spiral for the company.</p>\n<p><b>Where This Situation Leaves WISH Stock</b></p>\n<p>Since WISH stock has fallen so much one might assume that this means that ContextLogic has already discounted the prospect of a dilutive share issue.</p>\n<p>But I don’t think it has. First of all, the company has to hire a new CEO, and he will want to put his stamp on how to turn the company around. In fact, it may not even be very easy for the board to find a turnaround artist.</p>\n<p>The first thing that new CEO is going to do is slash costs. That is going to deepen losses. Then he is going to raise cash at a huge discount, maybe even up to 50% from today’s price. The only way institutional investors will put money in this stock is if “their” CEO candidate comes in with a slash and burn strategy.</p>\n<p>All of this means that WISH stock is going to crater even further. I put it at 50/50 odds that the stock falls another 50%. At that point, we can talk about whether WISH stock looks like a bargain. It will all depend on how drastic the changes that the new CEO will put into place to cut the company’s cash burn situation. And if he doesn’t, WISH stock will crater even further.</p>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>ContextLogic Will Need More Than a New CEO Before WISH Stock Turns Around</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nContextLogic Will Need More Than a New CEO Before WISH Stock Turns Around\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-20 13:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2021/12/wish-stock-will-likely-crater-much-more-as-contextlogic-is-burning-through-cash/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>I have been deeply skeptical of ContextLogic(NASDAQ:WISH) stock, as you might have guessed if you read my last article about WISH stock on June 18.\nThe title of that article, “Wish Stock Is Cheap, But...</p>\n\n<a href=\"https://investorplace.com/2021/12/wish-stock-will-likely-crater-much-more-as-contextlogic-is-burning-through-cash/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://investorplace.com/2021/12/wish-stock-will-likely-crater-much-more-as-contextlogic-is-burning-through-cash/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1149637008","content_text":"I have been deeply skeptical of ContextLogic(NASDAQ:WISH) stock, as you might have guessed if you read my last article about WISH stock on June 18.\nThe title of that article, “Wish Stock Is Cheap, But Not a Bargain,” displayed my belief that WISH stock was not going to rise anytime soon.\nIn fact, I should have been even more skeptical. Since then, WISH stock has fallen from $11.40 to $3.11 per share as of Dec. 16. What a disaster. Everyone in this stock has lost money.\nSo it shouldn’t have surprised anyone when management told WISH stock investors on Nov. 10 that the CEO was going to be replaced.\nFor some reason, he was kept on the job until a replacement became available. Personally, I would have gotten rid of him well before this.\nWhat Is Going On At ContextLogic\nThe reason is that this company is not only unprofitable but burning through cash like wildfire. The company calls itself one of the world’s largest e-commerce sites, and that might well be true. But from what I can see, it’s also one of the world’s mostunprofitablee-commerce firms.\nLet’s take a look at the cold hard reality, and why the CEO was fired. I like to pass over all the nonsense that most companies put out about their fast growth rates and go straight to the cash flow statements.\nPage 8 of the shareholder letter has the three and nine-month cash flow statements ending Sept. 30. It shows that operating cash flow was negative $902 million over the first 9 months of 2021. In addition, for the last three months of that period, ContextLogic burnt through $344 million.\nHere is why that is so bad. If this cash burn rate keeps up, the company will eat through all of its cash. The $344 million Q3 cash burn works out to $1.376 billion. The problem is, ContextLogic has just $1.072 billion in cash and $143 million in marketable securities. Total cash and securities are only $1.215 billion.\nThe market knows the company is quickly nearing a point where it is either going to have to borrow debt, raise more equity or both. Whatever the case, it won’t be good for shareholders or company value. The bottom line is that the company needs to get profitable from a cash flow standpoint.\nAnd things are actually worse than that. Because of the company’s negative cash flow margins, the higher it grows sales, the higher its losses will grow. This is essentially a death spiral for the company.\nWhere This Situation Leaves WISH Stock\nSince WISH stock has fallen so much one might assume that this means that ContextLogic has already discounted the prospect of a dilutive share issue.\nBut I don’t think it has. First of all, the company has to hire a new CEO, and he will want to put his stamp on how to turn the company around. In fact, it may not even be very easy for the board to find a turnaround artist.\nThe first thing that new CEO is going to do is slash costs. That is going to deepen losses. Then he is going to raise cash at a huge discount, maybe even up to 50% from today’s price. The only way institutional investors will put money in this stock is if “their” CEO candidate comes in with a slash and burn strategy.\nAll of this means that WISH stock is going to crater even further. I put it at 50/50 odds that the stock falls another 50%. At that point, we can talk about whether WISH stock looks like a bargain. It will all depend on how drastic the changes that the new CEO will put into place to cut the company’s cash burn situation. And if he doesn’t, WISH stock will crater even further.","news_type":1,"symbols_score_info":{"WISH":0.9}},"isVote":1,"tweetType":1,"viewCount":1389,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":690728131,"gmtCreate":1639710918358,"gmtModify":1639710977043,"author":{"id":"3579004280603386","authorId":"3579004280603386","name":"Nesaraime","avatar":"https://static.tigerbbs.com/fbfd230e819ce6cc84a815dbb26f30ba","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579004280603386","authorIdStr":"3579004280603386"},"themes":[],"htmlText":"Shorting it HARD","listText":"Shorting it HARD","text":"Shorting it HARD","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/690728131","repostId":"1177842222","repostType":2,"isVote":1,"tweetType":1,"viewCount":2540,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":874608075,"gmtCreate":1637764342355,"gmtModify":1637764342355,"author":{"id":"3579004280603386","authorId":"3579004280603386","name":"Nesaraime","avatar":"https://static.tigerbbs.com/fbfd230e819ce6cc84a815dbb26f30ba","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579004280603386","authorIdStr":"3579004280603386"},"themes":[],"htmlText":"Be smart guys. Take profits where you need to, buy the dip as winter sets in&nbsp;","listText":"Be smart guys. Take profits where you need to, buy the dip as winter sets in&nbsp;","text":"Be smart guys. Take profits where you need to, buy the dip as winter sets in","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/874608075","repostId":"2185135142","repostType":2,"isVote":1,"tweetType":1,"viewCount":1706,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":875711457,"gmtCreate":1637685877772,"gmtModify":1637685877772,"author":{"id":"3579004280603386","authorId":"3579004280603386","name":"Nesaraime","avatar":"https://static.tigerbbs.com/fbfd230e819ce6cc84a815dbb26f30ba","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579004280603386","authorIdStr":"3579004280603386"},"themes":[],"htmlText":"Q4 gonna make or break amc. Retail apes can’t help them no more&nbsp;","listText":"Q4 gonna make or break amc. Retail apes can’t help them no more&nbsp;","text":"Q4 gonna make or break amc. Retail apes can’t help them no more","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/875711457","repostId":"1115340826","repostType":2,"isVote":1,"tweetType":1,"viewCount":1186,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":875464166,"gmtCreate":1637679740971,"gmtModify":1637679751649,"author":{"id":"3579004280603386","authorId":"3579004280603386","name":"Nesaraime","avatar":"https://static.tigerbbs.com/fbfd230e819ce6cc84a815dbb26f30ba","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579004280603386","authorIdStr":"3579004280603386"},"themes":[],"htmlText":"Calm. Supply chain woe guidance not present&nbsp;","listText":"Calm. Supply chain woe guidance not present&nbsp;","text":"Calm. Supply chain woe guidance not present","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/875464166","repostId":"2185893503","repostType":2,"isVote":1,"tweetType":1,"viewCount":1928,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":865398554,"gmtCreate":1632945926615,"gmtModify":1632945926692,"author":{"id":"3579004280603386","authorId":"3579004280603386","name":"Nesaraime","avatar":"https://static.tigerbbs.com/fbfd230e819ce6cc84a815dbb26f30ba","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579004280603386","authorIdStr":"3579004280603386"},"themes":[],"htmlText":"This is common sense. Why did “industry pros” need to be consulted for this, other than to serve as a click bait title?","listText":"This is common sense. Why did “industry pros” need to be consulted for this, other than to serve as a click bait title?","text":"This is common sense. Why did “industry pros” need to be consulted for this, other than to serve as a click bait title?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/865398554","repostId":"2171860242","repostType":2,"isVote":1,"tweetType":1,"viewCount":1850,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":894419313,"gmtCreate":1628846574732,"gmtModify":1633689035942,"author":{"id":"3579004280603386","authorId":"3579004280603386","name":"Nesaraime","avatar":"https://static.tigerbbs.com/fbfd230e819ce6cc84a815dbb26f30ba","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579004280603386","authorIdStr":"3579004280603386"},"themes":[],"htmlText":"Gotta buy now. Wish is basically taobao and ezBuy for Americans. If you love tb, buy $WISH","listText":"Gotta buy now. Wish is basically taobao and ezBuy for Americans. If you love tb, buy $WISH","text":"Gotta buy now. Wish is basically taobao and ezBuy for Americans. If you love tb, buy $WISH","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/894419313","repostId":"1126962861","repostType":4,"repost":{"id":"1126962861","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1628841823,"share":"https://www.laohu8.com/m/news/1126962861?lang=&edition=full","pubTime":"2021-08-13 16:03","market":"us","language":"en","title":"ContextLogic shares fell 19.13% in premarket trading","url":"https://stock-news.laohu8.com/highlight/detail?id=1126962861","media":"Tiger Newspress","summary":"ContextLogic shares fell 19.13% in premarket trading.\n\nThe parent of e-commerce site Wish said deman","content":"<p>ContextLogic&nbsp;shares&nbsp;fell 19.13% in premarket&nbsp;trading.</p>\n<p><img src=\"https://static.tigerbbs.com/67e5ebadf18a1c591cd04be175e52524\" tg-width=\"902\" tg-height=\"607\" referrerpolicy=\"no-referrer\"></p>\n<p>The parent of e-commerce site Wish said demand for its products slowed, fewer users and active buyers used its platform, and costs rose more than it had expected.</p>\n<p>ContextLogic Inc.&nbsp;reported a second-quarter loss of $111 million, or 18 cents a share, compared with a loss of $11 million, or 10 cents a share, in the year-ago period, when the company was private. Sales fell 6% to $656 million from $701 million a year ago.</p>\n<p>Analysts on average expected the company to report losses of 13 cents a share on sales of $723 million, according to FactSet.</p>\n<p>Logistics improved and “we expected user retention to improve now that we have more reliable logistics, but instead retention declined,” the company said in a letter to investors.</p>\n<p>“While we are not satisfied with these results, the second quarter of 2021 was already going to be a challenging year-over-year comparison,” since the company benefited from a significant increase in mobile usage and less competition from brick-and-mortar stores, Wish said.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>ContextLogic shares fell 19.13% in premarket trading</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nContextLogic shares fell 19.13% in premarket trading\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-08-13 16:03</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>ContextLogic&nbsp;shares&nbsp;fell 19.13% in premarket&nbsp;trading.</p>\n<p><img src=\"https://static.tigerbbs.com/67e5ebadf18a1c591cd04be175e52524\" tg-width=\"902\" tg-height=\"607\" referrerpolicy=\"no-referrer\"></p>\n<p>The parent of e-commerce site Wish said demand for its products slowed, fewer users and active buyers used its platform, and costs rose more than it had expected.</p>\n<p>ContextLogic Inc.&nbsp;reported a second-quarter loss of $111 million, or 18 cents a share, compared with a loss of $11 million, or 10 cents a share, in the year-ago period, when the company was private. Sales fell 6% to $656 million from $701 million a year ago.</p>\n<p>Analysts on average expected the company to report losses of 13 cents a share on sales of $723 million, according to FactSet.</p>\n<p>Logistics improved and “we expected user retention to improve now that we have more reliable logistics, but instead retention declined,” the company said in a letter to investors.</p>\n<p>“While we are not satisfied with these results, the second quarter of 2021 was already going to be a challenging year-over-year comparison,” since the company benefited from a significant increase in mobile usage and less competition from brick-and-mortar stores, Wish said.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1126962861","content_text":"ContextLogic shares fell 19.13% in premarket trading.\n\nThe parent of e-commerce site Wish said demand for its products slowed, fewer users and active buyers used its platform, and costs rose more than it had expected.\nContextLogic Inc. reported a second-quarter loss of $111 million, or 18 cents a share, compared with a loss of $11 million, or 10 cents a share, in the year-ago period, when the company was private. Sales fell 6% to $656 million from $701 million a year ago.\nAnalysts on average expected the company to report losses of 13 cents a share on sales of $723 million, according to FactSet.\nLogistics improved and “we expected user retention to improve now that we have more reliable logistics, but instead retention declined,” the company said in a letter to investors.\n“While we are not satisfied with these results, the second quarter of 2021 was already going to be a challenging year-over-year comparison,” since the company benefited from a significant increase in mobile usage and less competition from brick-and-mortar stores, Wish said.","news_type":1,"symbols_score_info":{"WISH":0.9}},"isVote":1,"tweetType":1,"viewCount":730,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"followers","isTTM":false}