Don’t Worry, ContextLogic’s Story Hasn’t Been Fully Written Yet

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Don’t Worry, ContextLogic’s Story Hasn’t Been Fully Written Yet

InvestorPlace2021-07-13

But the next chapter could very well include massive progress and success for WISH stock. There’s no denying it. Times have been tough lately for investors of mobile commerce companyContextLogic (...

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芮芮妈咪
·2021-08-13
幾塊的股價的確便宜
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- Jack in the Stock:
  What do they do?
  2021-08-13
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CammieBeo
·2021-07-14
Time to accumulate
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BurningSun
·2021-07-14
Seem good future for WISH
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SARA_231
·2021-07-13
Hoping for a rebound!
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russ1122
·2021-07-13
hi
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- russ1122:
  hi
  2021-07-13
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RuniMan
·2021-07-13
Good and reply
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- Huathk:
  Gd
  2021-07-13
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Ann1228
·2021-07-13
WISH up up up
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neosg
·2021-07-13
Like pls
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pch1985
·2021-07-13
Hopeful
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Times have been tough lately for investors of mobile commerce companyContextLogic (...</p>\n\n<a href=\"https://investorplace.com/2021/07/wish-stock-contextlogics-story-hasnt-been-fully-written-yet/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://investorplace.com/2021/07/wish-stock-contextlogics-story-hasnt-been-fully-written-yet/","article_id":"1164055885","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1164055885","pubTimestamp":1626141384,"columns":[],"sourceInfo":{"source_id":"lsy1606302653667","name":"InvestorPlace"},"weMediaInfo":null,"summary":"But the next chapter could very well include massive progress and success for WISH stock.\n\nThere’s n","collect":0,"end_time":0,"defaultTopTitle":"investorplace.com","property":[],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"别担心，ContextLogic的故事还没有写完","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"WISH":0.9},"content_text":"But the next chapter could very well include massive progress and success for WISH stock.\n\nThere’s no denying it. Times have been tough lately for investors of mobile commerce companyContextLogic (NASDAQ:WISH). Since the company’s initial public offering (IPO), WISH stock hasn’t held up particularly well.\nSource: sdx15 / Shutterstock.com\nI won’t try to paint a rosy picture here. It’s a challenging situation if you’re an early investor.\nYet, perhaps it’s now possible to add to your position at a more favorable price point, or start a new position if you’re not already invested.\nBesides, there’s favorable news to boost your spirits if you’re bullish on ContextLogic. In fact, there’s a value-added partnership in the works — along with a regulatory development that could advance the company’s geographic reach.\nA Closer Look at WISH Stock\nLet’s go back to the beginning, which actually wasn’t very long ago.\nAfter ContextLogicset a price rangeof $22 to $24 for its IPO, the company sold 46 million shares of WISH stock at $24 apiece on Dec. 15, 2020.\nEverything was off to a good start, or so it seemed. A brief rally ensued, with ContextLogic shares climbing to a 52-week high of $32.85 on Feb. 1, 2021. The situation turned sour after that, however. As it turned out, WISH stock sank during the following months, and even fell below $8 in June.\nThere might be a dip-buying opportunity here, though — and the potential for a comeback. As of July 12, the ContextLogic share price was already over $11.\nIn the interest of full disclosure, I feel compelled to reveal this: on a trailing-12-month basis, ContextLogic has -$3.16 in earnings per share. That’s not great news, but it’s not hopeless. Without a doubt, the stakeholders will want to see that number turn positive in the near future.\nA License to Sell\nThe Wish platform is supposed to be a place where shoppers on multiple continents can purchase a wide variety of products online. And judging by some recently reported data, Wish’s global e-commerce ambitions are panning out quite well.\nContextLogic reported that its Core Marketplace segment’s first-quarter 2021 revenuesincreased by 40%year-over-year. Furthermore, looking at the bigger picture, the company’s total revenues for 2021’s first quarter showed a massive 75% year-over-year improvement.\nThat alone should convince the skeptics to change their minds. Yet, there’s even more good news to share.\nOn July 6, ContextLogic revealed that the Dutch Central Bank hadgranted the companya Payment Services License for the European Union.\nApparently, this license will enable Wish to increase the company’s control over the payments value chain in a compliant manner. At the same time, it should allow Wish to reduce its reliance on third parties.\nThis has vast geographic implications, as, in addition to the Netherlands, the license “will be passported to the other European markets where Wish operates.”\nExpanding Its Reach\nOn top of all that, ContextLogic has disclosed a collaboration with another prominent e-commerce platform.\nThis could be a real game changer.\nAccording to a press release, ContextLogicannounced a two-year partnershipwithPrestaShopin which “more than 300,000 merchants and brands on the PrestaShop platform will be able to quickly and easily sell to millions of consumers on the Wish marketplace.”\nThe PrestShop platform operates in Europe and Latin America. So once again, we’re bearing witness to ContextLogic’s rapid expansion into the EU and, ultimately, around the world.\nAlan Small, senior business development manager for Wish in Europe, expressed his company’s ambitious vision with the PrestaShop partnership; “Partnering with PrestaShop will enable us to offer our consumers even more quality merchants and brands and to provide Prestashop merchants with a global platform to transact on,” Small explained.\nThe Bottom Line\nOkay, so WISH stock hasn’t been a blockbuster success since its IPO.\nHowever, the story hasn’t been fully written yet.\nAnd, the next few chapters could involve ContextLogic’s rapid progress — not only in the European market, but globally.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":894185980,"gmtCreate":1628811899340,"gmtModify":1676529860224,"author":{"id":"3569619259252053","authorId":"3569619259252053","name":"芮芮妈咪","avatar":"https://static.tigerbbs.com/ce63e2833f316ca9b971ac5f857f1113","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3569619259252053","authorIdStr":"3569619259252053"},"htmlText":"幾塊的股價的確便宜","listText":"幾塊的股價的確便宜","text":"幾塊的股價的確便宜","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/894185980","repostId":1164055885,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5511262,"gmtCreate":1628813653488,"gmtModify":1635152912410,"authorId":3561548364525556,"author":{"id":3561548364525556,"idStr":"3561548364525556","authorId":3561548364525556,"name":"Jack in the Stock","avatar":"https://community-static.tradeup.com/news/ef3c19f727783ca8030d5aab5b19df10","vip":1,"currentWearingBadge":{"badgeId":"972123088c9646f7b6091ae0662215be-2","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Master Trader","description":"Total number of securities or futures transactions reached 100","bigImgUrl":"https://static.tigerbbs.com/ad22cfbe2d05aa393b18e9226e4b0307","smallImgUrl":"https://static.tigerbbs.com/36702e6ff3ffe46acafee66cc85273ca","grayImgUrl":"https://static.tigerbbs.com/d52eb88fa385cf5abe2616ed63781765","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","exceedPercentage":"80.68%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1100},"crmLevel":3,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":894185980,"type":1,"supId":0,"prevId":0,"content":"What do they do? ","text":"What do they do? ","html":"What do they do? "}],"langContent":"CN"},{"id":144192413,"gmtCreate":1626270899732,"gmtModify":1703756786220,"author":{"id":"3565492638324481","authorId":"3565492638324481","name":"CammieBeo","avatar":"https://static.tigerbbs.com/fe9799f812f314548dfa2ceafa03ab2e","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3565492638324481","authorIdStr":"3565492638324481"},"htmlText":"Time to accumulate","listText":"Time to accumulate","text":"Time to 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WISH","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/145119272","repostId":1164055885,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":142234162,"gmtCreate":1626151716156,"gmtModify":1703754391086,"author":{"id":"3582880272972541","authorId":"3582880272972541","name":"SARA_231","avatar":"https://static.tigerbbs.com/bd8d92b2f3729a7b1cddcc2e989397cc","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3582880272972541","authorIdStr":"3582880272972541"},"htmlText":"Hoping for a rebound!","listText":"Hoping for a rebound!","text":"Hoping for a rebound!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/142234162","repostId":1164055885,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":142840042,"gmtCreate":1626142613486,"gmtModify":1703754178098,"author":{"id":"3566449916340164","authorId":"3566449916340164","name":"russ1122","avatar":"https://static.tigerbbs.com/410e5ecfb4da8e3f85caaaf9808925f2","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3566449916340164","authorIdStr":"3566449916340164"},"htmlText":"hi","listText":"hi","text":"hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/142840042","repostId":1164055885,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5202617,"gmtCreate":1626142622615,"gmtModify":1663230893525,"authorId":3566449916340164,"author":{"id":3566449916340164,"idStr":"3566449916340164","authorId":3566449916340164,"name":"russ1122","avatar":"https://static.tigerbbs.com/410e5ecfb4da8e3f85caaaf9808925f2","vip":1,"currentWearingBadge":{"badgeId":"1026c425416b44e0aac28c11a0848493-3","templateUuid":"1026c425416b44e0aac28c11a0848493","name":" 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up up up","listText":"WISH up up up","text":"WISH up up up","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/142852156","repostId":1164055885,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":142856779,"gmtCreate":1626142456191,"gmtModify":1703754172066,"author":{"id":"3571113797749536","authorId":"3571113797749536","name":"neosg","avatar":"https://static.tigerbbs.com/fc9ad7a3430e4784449db6c7be4fa003","vip":1,"hat":"https://static.tigerbbs.com/f84859c65fc2d7681e28f6b8e9b0535a","crmLevel":2,"crmLevelSwitch":1,"idStr":"3571113797749536","authorIdStr":"3571113797749536"},"htmlText":"Like pls","listText":"Like pls","text":"Like 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