Sea shares fell more than 4% in premarket trading.
Last Monday,Sea Ltd.employees were starting their week when an email from Chief Executive Officer Forrest Li arrived. In the 900-word memo, the billionaire adopted a contrite tone, addressing head-on a $150 billion plunge in his company’s value since late 2021.
Since the fourth quarter of 2021, the company's gaming business is now seeing some slower growth in the post-pandemic period.
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