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ContextLogic Inc - WISH STOCK NEWS

Welcome to our dedicated news page for ContextLogic (Ticker: WISH), a resource for investors and traders seeking the latest updates and insights on ContextLogic.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect ContextLogic's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of ContextLogic's position in the market.

Rhea-AI Summary
ContextLogic Inc. (WISH) to report Q4 and full year 2023 financial results on March 4, 2024, without a conference call due to a pending transaction.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.07%
Tags
earnings
-
Rhea-AI Summary
ContextLogic Inc. (WISH) announces the sale of its Wish ecommerce platform to Qoo10 for approximately $173 million in cash, representing a 44% premium at $6.50 per share. The transaction aims to preserve $2.7 billion in Net Operating Losses (NOLs) and explore strategic alternatives with a financial sponsor. The Board also adopts a Tax Benefits Preservation Plan to safeguard NOLs. The deal is expected to enhance cross-border ecommerce opportunities and improve customer experience.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
39.11%
Tags
none
-
Rhea-AI Summary
ContextLogic Inc. (WISH) Launches WishPost Smart Parcel, a Logistics as a Service (Laas) product, to provide seamless and efficient shipping solutions to non-Wish merchants. The service leverages Wish’s global network of Logistics Service Providers (LSP) for rapid, reliable, and cost-effective deliveries. It supports shipments from China to key destinations including the UK, France, Germany, Switzerland, Belgium, the Netherlands, Japan, and the United States. Wish also introduced flat rate shipping to customers in its major markets.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.29%
Tags
none
Rhea-AI Summary
ContextLogic Inc. (WISH) Reports Q3 2023 Financial Results, Initiates Strategic Alternatives Process - Revenue Decline, Net Loss, and Board of Directors Exploration Highlighted
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
25.12%
Tags
earnings
-
Rhea-AI Summary
ContextLogic Inc. (d/b/a Wish) announced the grant of inducement awards under its Inducement Plan to 2 new employees. The awards consist of Restricted Stock Units (RSUs) for a total of 69,150 shares of the Company's Class A common stock. The RSUs will vest over time based on the recipients' continued service.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.94%
Tags
none
-
Rhea-AI Summary
ContextLogic Inc. (d/b/a Wish) releases its inaugural 'Anti-Counterfeiting Report' to combat the listing and sale of counterfeit goods on its platform. The report highlights tools and resources to detect and enforce against counterfeit goods, progress made in the past 6 months, and partnerships and programs to prevent counterfeits. Wish has processed over 9,000 IP violations, responded to 98% of takedown requests within 24 hours, issued over 700,000 infractions, and signed up more than 2,300 brands to its Brand Partner Program.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.88%
Tags
none
Rhea-AI Summary
ContextLogic Inc. (Wish) announces partnership with Octopia to allow Europe-based merchants to sell on its platform. Wish will only allow merchants with ratings of 4 or above. Octopia's merchants offer a range of goods including consumer electronics, beauty, fashion, home & garden, and hobbies. Through the partnership, Octopia merchants will have free access to a direct integration module on the Octopia platform that connects them to Wish's merchant dashboard.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
9.16%
Tags
partnership
-
Rhea-AI Summary
New multi-channel ad campaign to raise awareness of Wish as the ultimate destination for holiday gifting.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.01%
Tags
none
-
Rhea-AI Summary
ContextLogic Inc. (Wish) to report Q3 2023 financial results on November 7, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.01%
Tags
earnings
Rhea-AI Summary
ContextLogic Inc. (WISH) partners with PUDO Inc. to offer click and collect service at over 1,200 PUDOpoint counters, aiming to improve shopping experience and convenience for Wish customers. Wish plans to expand its pick-up network to 24,000 points globally by year-end. Flat rate shipping fee introduced earlier this year.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.85%
Tags
none
ContextLogic Inc

Nasdaq:WISH

WISH Rankings

WISH Stock Data

158.46M
21.38M
9.98%
52.24%
12.62%
Electronic Shopping
Retail Trade
Link
US
San Francisco

About WISH

wish is a mobile e-commerce platform that connects hundreds of millions of consumers with the widest selection of products delivered directly to their doors. our mission is to provide everyone access to the most affordable and convenient shopping experience on the planet. wish supports 500,000 merchant partners as well as over 300 million users who rate wish the best mobile shopping app on the ios and android platforms. founded in 2011, wish has raised over a billion dollars from top funds, such as temasek, dst, ggv capital, founders fund, and jerry yang’s ame cloud. wish is headquartered in san francisco, with additional offices in shanghai, toronto, dublin, amsterdam, and more.