Welcome to our dedicated news page for ContextLogic Class A (Ticker: WISH), a resource for investors and traders seeking the latest updates and insights on ContextLogic Class A .
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 Class A '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 Class A 's position in the market.
Rhea-AI Summary
ContextLogic Inc. (WISH) reminds stockholders to vote 'FOR' the proposed Asset Sale transaction with Qoo10 Pte. The transaction aims to reduce cash burn, monetize operating assets at the highest value, and preserve significant value for stockholders. Post-closing cash estimated at $150-157 million, preserving $2.7 billion of NOLs. The Company plans to utilize the NOLs efficiently. Completion expected in Q2 2024, subject to stockholder approval.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.18%
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Rhea-AI Summary
ContextLogic Inc. (WISH) recommends stockholders vote 'FOR' the pending transaction with Qoo10 to preserve $2.7 billion of NOLs. The special meeting is set for April 12, 2024, to finalize the acquisition of Wish ecommerce platform for $173 million in cash.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.97%
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Rhea-AI Summary
ContextLogic Inc. (WISH) partners with satirical YouTubers Zac Alsop and Grandpa Ray for a fashion campaign, showcasing quirky outfits from everyday items. The campaign aims to bring humor to the luxury fashion industry through social media and Wish's platforms.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.45%
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Rhea-AI Summary
Wishpond Technologies Ltd. reports significant growth and positive impact of Propel IQ, its all-in-one digital marketing platform. With over 500 new customers, Propel IQ shows up to 40% lower customer churn rate, 10-fold increase in MRR, over 80% gross margin, and 20% higher customer LTV. The platform integrates various marketing solutions, driving growth and profitability for Wishpond.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.7%
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Rhea-AI Summary
ContextLogic Inc. (WISH) reports financial results for Q4 and fiscal year 2023, with revenues at $53 million, a 57% YoY decrease. Net Loss at $68 million. Adjusted EBITDA shows a loss of $54 million. Preliminary January 2024 results indicate revenues of $14 million and an Adjusted EBITDA loss of $13 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.7%
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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%
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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%
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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%
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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%
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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%
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ContextLogic Inc. Class A
Nasdaq:WISH
WISH Rankings
WISH Stock Data
137.36M
21.75M
6.06%
47.23%
14.12%
Electronic Shopping
Retail Trade
United States of America
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.