Sea’s Market Decline Hits $132 Billion as Stock Tumbles Again

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Sea’s Market Decline Hits $132 Billion as Stock Tumbles Again

bloomberg2022-03-02

(Bloomberg) -- Sea Ltd., once the hottest stock in the world, has lost more than $130 billion in market value from its peak last year after a disappointing earnings report that added to its woes.The ...

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Kyeno
·2022-03-02
Hmm
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Kyeno
·2022-03-02
Hmmm
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mel18
·2022-03-02
It's a long road ahead
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CPCat
·2022-03-02
They could be taking the chance to take all hits now... so in subsequent quarters they may build back again...
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jaredyim95
·2022-03-02
Buy more
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Don5286
·2022-03-02
👍🏻
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SSVC
·2022-03-02
K
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MrTig3r
·2022-03-02
power
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th0mastan
·2022-03-02
Usually when a stock is beaten down, all thenegative news ans earnings would be magnified. Honestly, the company is still growing executing its strategies to expand the e-commerce business. No doubt gaming business has slowed and its in-lined with expectationthat's why the company is investing heavily in other business units
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4
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TaiJin
·2022-03-02
[Miser]
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That cut $11 billion from its market valuation, pushing its total decline to $132 billion from its high in October.Investors balked as the mobile gaming company forecast $2.9 billion to $3.1 billion in bookings at its digital gaming arm, set to be its first decline ever. That compares with last year’s bookings of $4.6 billion.The company had factored in a slowdown in online activity and unexpected government actions in India in its forecast, Yanjun Wang, Sea’s group chief corporate officer, said on a conference call on Tuesday night.“We are giving back some of the gains we made partially during Covid and with additional discounts to reflect the situation in India, which is highly unfortunate,” Wang said. “Given the uncertainty we are facing, it’s probably more art than science for us.”Sea, which counts Tencent Holdings Ltd. as its biggest investor, faces increased regulatory scrutiny in India. 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Still, the company is facing competition from Latin American e-commerce giant MercadoLibre. Sea on Tuesday said its online shopping arm, Shopee, will pull out of France, a major market it entered just months before.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9033100142,"gmtCreate":1646203713401,"gmtModify":1676534103574,"author":{"id":"4097887764268680","authorId":"4097887764268680","name":"Kyeno","avatar":"https://static.tigerbbs.com/0d5becccf9434d4b95145e28591d97b5","vip":1,"crmLevel":1,"crmLevelSwitch":0},"htmlText":"Hmm","listText":"Hmm","text":"Hmm","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9033100142","repostId":2216254371,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9033100369,"gmtCreate":1646203694057,"gmtModify":1676534103551,"author":{"id":"4097887764268680","authorId":"4097887764268680","name":"Kyeno","avatar":"https://static.tigerbbs.com/0d5becccf9434d4b95145e28591d97b5","vip":1,"crmLevel":1,"crmLevelSwitch":0},"htmlText":"Hmmm&nbsp;","listText":"Hmmm&nbsp;","text":"Hmmm","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9033100369","repostId":2216254371,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9033372838,"gmtCreate":1646202392461,"gmtModify":1676534103489,"author":{"id":"4097201280076440","authorId":"4097201280076440","name":"mel18","avatar":"https://community-static.tradeup.com/news/cb8392cdbd4f593469aed779f484434a","vip":1,"crmLevel":5,"crmLevelSwitch":0},"htmlText":"It's a long road ahead","listText":"It's a long road ahead","text":"It's a long road ahead","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9033372838","repostId":2216254371,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9033341151,"gmtCreate":1646198442923,"gmtModify":1676534103160,"author":{"id":"3582520228861009","authorId":"3582520228861009","name":"CPCat","avatar":"https://static.tigerbbs.com/3bafaf3d39abfb78a4bedf785310721a","vip":1,"crmLevel":2,"crmLevelSwitch":1},"htmlText":"They could be taking the chance to take all hits now... so in subsequent quarters they may build back again...","listText":"They could be taking the chance to take all hits now... so in subsequent quarters they may build back again...","text":"They could be taking the chance to take all hits now... so in subsequent quarters they may build back again...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9033341151","repostId":2216254371,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9033356681,"gmtCreate":1646196597642,"gmtModify":1676534102868,"author":{"id":"3574025667530288","authorId":"3574025667530288","name":"jaredyim95","avatar":"https://static.tigerbbs.com/63a8c9d18be6f87ffe7c2bc6411a0d09","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Buy more","listText":"Buy more","text":"Buy more","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9033356681","repostId":2216254371,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9033328308,"gmtCreate":1646193424209,"gmtModify":1676534102611,"author":{"id":"3564919073397125","authorId":"3564919073397125","name":"Don5286","avatar":"https://static.tigerbbs.com/f1b10723895f8545fec5d830dac22a10","vip":1,"hat":"https://static.tigerbbs.com/b073a07f77dbe6b3bec6b12311fde6bd","crmLevel":2,"crmLevelSwitch":0},"htmlText":"👍🏻","listText":"👍🏻","text":"👍🏻","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9033328308","repostId":2216254371,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9033368684,"gmtCreate":1646190621064,"gmtModify":1676534102347,"author":{"id":"3574906731000207","authorId":"3574906731000207","name":"SSVC","avatar":"https://static.tigerbbs.com/545a5ea462ff4ac7cc100bd3d8d97f72","vip":1,"crmLevel":3,"crmLevelSwitch":0},"htmlText":"K","listText":"K","text":"K","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9033368684","repostId":2216254371,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9033368361,"gmtCreate":1646190495062,"gmtModify":1676534102355,"author":{"id":"3584333947690568","authorId":"3584333947690568","name":"MrTig3r","avatar":"https://static.tigerbbs.com/b99cfe4b0a492018c40761a39a193aa8","vip":1,"crmLevel":5,"crmLevelSwitch":1},"htmlText":"power","listText":"power","text":"power","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9033368361","repostId":2216254371,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9033369309,"gmtCreate":1646189815577,"gmtModify":1676534102266,"author":{"id":"3573383537150312","authorId":"3573383537150312","name":"th0mastan","avatar":"https://static.tigerbbs.com/84d76bcdad50787fa2929139725c46f0","vip":1,"crmLevel":5,"crmLevelSwitch":0},"htmlText":"Usually when a stock is beaten down, all thenegative news ans earnings would be magnified. Honestly, the company is still growing executing its strategies to expand the e-commerce business. No doubt gaming business has slowed and its in-lined with expectationthat's why the company is investing heavily in other business units&nbsp;","listText":"Usually when a stock is beaten down, all thenegative news ans earnings would be magnified. Honestly, the company is still growing executing its strategies to expand the e-commerce business. No doubt gaming business has slowed and its in-lined with expectationthat's why the company is investing heavily in other business units&nbsp;","text":"Usually when a stock is beaten down, all thenegative news ans earnings would be magnified. Honestly, the company is still growing executing its strategies to expand the e-commerce business. No doubt gaming business has slowed and its in-lined with expectationthat's why the company is investing heavily in other business units","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9033369309","repostId":2216254371,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9033385697,"gmtCreate":1646189300739,"gmtModify":1676534102051,"author":{"id":"3585363622677550","authorId":"3585363622677550","name":"TaiJin","avatar":"https://static.tigerbbs.com/24d2d840485600ee9789f516e956a70f","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"[Miser]&nbsp;","listText":"[Miser]&nbsp;","text":"[Miser]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9033385697","repostId":2216254371,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":61,"commentSize":10,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}