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home / news releases / WISH - ContextLogic: $17 Billion To A Negative Enterprise Value In Just Over 2 Years

WISH - ContextLogic: $17 Billion To A Negative Enterprise Value In Just Over 2 Years

ContextLogic Inc.

2023-05-20 23:39:03 ET

Summary

  • ContextLogic has been a veritable poster child for a terrible investment.
  • Shares have lost 99% of value since its IPO in late 2019 and it now trades at a steep discount to cash.
  • Cash burn remained high in Q1 and it looks like that trend looks unlikely to change over the immediate near term.
  • Considering the current cash pile and the potential for buybacks, taking a short position/bearish stance is futile right now.

For further details see:

ContextLogic: $17 Billion To A Negative Enterprise Value In Just Over 2 Years
Stock Information
Company Name: ContextLogic Inc.
Stock Symbol: WISH
Market: OTC
Website: wrightinvestorsservice.com
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