(June 15) ContextLogic gained as much as 10% a few minutes ago. ContextLogic gained nearly 6% for now.
ContextLogic signed a two-year partnership with an ecommerce platform,PrestaShop yesterday.
More than 300,000 merchants and brands on the PrestaShop platform will be able to easily sell to millions of consumers on the Wish marketplace.
Alan Small, Senior Business Development Manager for Wish in Europe said: “Wish serves millions of consumers around the world by providing high-quality products at affordable prices and a personalized, entertaining shopping experience. 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.”
Last week,the company's shares surged on attracting attention on the WallStreetBets Reddit forum.