The Latest Breaking News from Wish

Shares of ContextLogic (WISH) have had a free fall this year, with the stock declining more than 77% year-to-date. Although the stock is trading at a discount to its peers, the uncertain macroeconomic conditions add further gloom to the company’s growth prospects. So, will it be wise to invest in…

Although inflation eased slightly last month, the Fed has indicated a higher-than-expected final level of interest rates. This is expected to keep the high-growth Internet stocks under pressure in the upcoming months. Thus, it could be wise to sell fundamentally weak internet stocks Snap (SNAP), IAC Inc. (IAC), Zhihu (ZH),…

Once investor favorites DoorDash (DASH), Teladoc Health (TDOC), SoFi Technologies (SOFI), and ContextLogic (WISH) have fallen significantly due to their poor fundamentals and growth prospects amid the Fed’s aggressive interest rate hikes this year. With lingering recession fears, these stocks are expected to tumble further. Thus, it could be wise…

Following the pandemic-induced disruptions, the importance of the Internet and the companies offering their services over the Internet has grown exponentially. However, not all companies in the internet industry have shown resilience amid the macroeconomic challenges this year. Investors should steer clear of fundamentally weak internet stocks Snap (SNAP), ContextLogic…