chimey
10-02

$Sea Ltd(SE)$ This company is not profitable and probably will never be profitable. They need to spend money on promotions to attract customers to their Shopee platform.

They tried to change the strategy and prioritize profitability in 2023 but it didn't work for them as Shopee needs to give away coupons to grow their customer base. No promotions = no growth for them.

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Comments

  • limzihao03
    10-03
    limzihao03
    agree. should be wary of shopee burns money for promo codes and competition from chinese and other Southeasia ecommerces. the only surviving one is SG but scale is too small for standalone market.  juzt ecommerce biz without their gaming stuff. not a worthy buy.
    • chimey: 

      Changing marketing strategies can save them

  • romanc9
    10-03
    romanc9
    Please short more.. U r only talking about Shoppee alone that said, you don't really know the company, SE.
    Just like a lot I f shortist want to short Tesla..
    • chimey: 

      Shopee is an important part of their

  • romanc9
    10-11
    romanc9
    It passed $100.. What happened? Investors loved the company to burn money and push the price up??
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