2023-04-28 10:00:00 ET
Sea Limited (NYSE: SE) , the leading technology company based out of Singapore, delivered an unexpected profit in the fourth quarter of 2022. Investors were pleased with this result as the company's first-ever profitable quarter came earlier than expected. But beyond these headline numbers lie a few crucial things that the most savvy investors have noticed.
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When the COVID-19 pandemic hit three years ago, Sea was at the right place to grow its e-commerce business, Shopee. At that time, investors focused on how fast the company could expand its e-commerce business. So naturally, the main focus was investing heavily in user growth, which resulted in heavy losses.
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2 Things the Smartest Investors Know About Sea Ltd Stock