WISH News and Press, ContextLogic Inc. From 07/06/23

SAN FRANCISCO, July 06, 2023 (GLOBE NEWSWIRE) -- ContextLogic Inc. (d/b/a Wish) (NASDAQ: WISH), one of the world’s largest mobile ecommerce platforms, today announced a strategic partnership with one of South Korea’s leading logistics providers, Rincos . The partnership is d...

2023-06-29 12:39:51 ET Loop Capital downgraded ContextLogic ( NASDAQ: WISH ) -7% to 'Sell' from 'Hold', and lowered its PT to $6 from $7. Brokerage's PT represents a discount of 17% to ContextLogic's last close. Its shares fell -7.6% . Loop noted that the e-commerce ...

SAN FRANCISCO, June 23, 2023 (GLOBE NEWSWIRE) -- ContextLogic Inc. (d/b/a Wish) (NASDAQ: WISH) today revealed some of the top deals up for grabs during its two-week-long global shopping event, Wish Anniversary, starting tomorrow - June 24, 2023. As summer gets well underway, Wish is invitin...

2023-06-13 14:20:49 ET Summary I have a bearish outlook on ContextLogic Inc. due to a potential cash shortage within a year, caution against investing. Declining active buyer and monthly active user numbers contradict ContextLogic's value proposition. Bleak near-term prospects...

(NewsDirect) Wishpond Technologies CEO Ali Tajskandar and chief financial officer David Pais joined Steve Darling from Proactive to share its 1Q 2023 financial numbers that showed 38% year-over-year revenue growth to $5.6 million. Pais also told Proactive gross profit saw a 45% increa...

SAN FRANCISCO, May 24, 2023 (GLOBE NEWSWIRE) -- ContextLogic Inc. (d/b/a Wish) (NASDAQ: WISH), one of the world’s largest mobile ecommerce platforms, this week revealed the unusual shopping habits of its consumers in France. From the weird and wacky to the everyday essentials, French buyer...

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 unl...

SAN FRANCISCO, May 11, 2023 (GLOBE NEWSWIRE) -- ContextLogic Inc. (d/b/a Wish) (NASDAQ: WISH), one of the world’s largest mobile ecommerce platforms, today announced that its management team plans to participate in the 18th Annual Needham Virtual Technology & Media Conference on Thursd...

2023-05-04 21:52:07 ET ContextLogic, Inc. (WISH) Q1 2023 Earnings Conference Call May 4, 2023 17:00 ET Company Participants Ralph Fong - Head of Investor Relations Joe Yan - Chief Executive Officer Vivian Liu - Chief Financial Officer & Chief Operating Office...

2023-05-04 17:37:23 ET ContextLogic ( NASDAQ: WISH ) shares slumped after the bell on Thursday after reporting a wider than expected Q1 loss. The California-based e-commerce company reported a $3.83 per share loss on a GAAP basis, coming in $0.21 wider than anticipated. Meanwhil...