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Wish Stock Is Down 98% From Its High. Time to Buy?

Wish Stock Is Down 98% From Its High. Time to Buy?

Shares of ContextLogic (NASDAQ: WISH), the parent company of the e-commerce platform Wish, plunged 29% on Feb. 24 after it posted its fourth-quarter earnings report. Its revenue declined 57% year over year to $123 million, which missed analysts' estimates by $29 million.