Motley Fool
Is Wish Stock a Buy?
ContextLogic (NASDAQ: WISH), the parent company of the e-commerce company Wish, recently posted its third-quarter earnings report. It also announced that its founder and CEO Piotr Szulczewski would step down next February but remain on the company’s board. When Wish went public last December, it served over 100 million monthly active users (MAUs) with its discount marketplace, which mainly enabled Chinese merchants to sell their products to overseas buyers.