WISH Stock Recent News

OAKLAND, Calif., Aug. 08, 2024 (GLOBE NEWSWIRE) -- ContextLogic Inc. (Nasdaq: LOGC), (“ContextLogic,” the “Company,” “we” or “our”) today reported its financial results for the quarter and six months ended June 30, 2024.

SAN FRANCISCO, April 24, 2024 (GLOBE NEWSWIRE) -- ContextLogic Inc. (NASDAQ: WISH) today announced it will report its first quarter 2024 financial results after the close of market on Wednesday, May 8, 2024. ContextLogic's management team will host a live conference call and webcast for shareholders, analysts and portfolio managers to discuss the company's first quarter results that afternoon at 5:00 PM ET / 2:00 PM PT.

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ContextLogic Inc is trading down in extended hours on Monday after reporting disappointing financial results for the fourth quarter. This is a developing story.

SAN FRANCISCO, Feb. 27, 2024 (GLOBE NEWSWIRE) -- ContextLogic Inc. (d/b/a Wish) (NASDAQ: WISH) (“ContextLogic” or the “Company”) today announced it will report its fourth quarter and full year 2023 financial results after the close of market on Monday, March 4, 2024. In light of the pending transaction that was announced on February 12, 2024, the Company will not host a conference call or live webcast to discuss these financial results.

PDD Holdings (NASDAQ: PDD) stock price has moved into a correction zone as concerns about Temu's growth rise. The shares have slipped by more than 14% from their highest point this year.

Wish's new owner faces steep competition from Chinese discount retailers Temu and Shein, which have been on an ad-spending blitz to attract American shoppers.

ContextLogic has announced an agreement to sell a significant portion of its operating assets and liabilities, including its eCommerce platform Wish, to Qoo10, an eCommerce platform operating in Asia. The transaction is valued at approximately $173 million in cash, ContextLogic said in a Monday (Feb. 12) press release.

ContextLogic (NASDAQ: WISH ), the owner of the Wish.com e-commerce website, saw its stock surge more than 20% on Wednesday after management announced the board was exploring a range of strategic alternatives for the business. Though actual Q3 revenues of $60 million beat Wall Street expectations by 4.6%, these sales figures represented a steep 52% decrease from last year's Q3 revenue of $125 million.

ContextLogic Inc. (WISH) Q3 2023 Earnings Call Transcript