Welcome to our dedicated page for ContextLogic news (Ticker: $WISH), a resource for investors and traders seeking the latest updates and insights on ContextLogic stock.
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ContextLogic Inc. (WISH) Reports Q3 2023 Financial Results, Initiates Strategic Alternatives Process - Revenue Decline, Net Loss, and Board of Directors Exploration Highlighted
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Rhea-AI Sentiment
End-of-Day
25.12%
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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.
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Rhea-AI Sentiment
End-of-Day
-0.94%
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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%
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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.
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End-of-Day
9.16%
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New multi-channel ad campaign to raise awareness of Wish as the ultimate destination for holiday gifting.
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End-of-Day
2.01%
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ContextLogic Inc. (Wish) to report Q3 2023 financial results on November 7, 2023.
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End-of-Day
2.01%
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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.
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Rhea-AI Sentiment
End-of-Day
-4.85%
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ContextLogic Inc. (WISH) plans to expand its range of sexual wellness products through a dedicated area on the Wish app and website, following a study that reveals high usage and interest in sexual wellness products among sexually active Americans. Millennials and Gen Z are the most likely generations to explore new products. Lubricants, lingerie, vibrators, and vitamins/supplements are popular choices. The study also highlights the importance of sexual wellness for overall well-being. Stress and affordability concerns are identified as barriers. The global sexual wellness market is predicted to grow to around USD 110.33 billion by 2030 with a CAGR of roughly 8.49%.
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Rhea-AI Sentiment
End-of-Day
-0.23%
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ContextLogic Inc. (Wish) reports Q2 2023 financial results, with revenues decreasing 42% YoY to $78 million. Net loss was $80 million compared to $90 million in Q2 2022. Adjusted EBITDA was a loss of $66 million. Third-quarter revenue is expected to be in the range of $55 million to $65 million.
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Rhea-AI Sentiment
End-of-Day
-25.54%
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Rhea-AI Summary
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ContextLogic Inc.
Nasdaq:WISH
WISH Rankings
WISH Stock Data
125.64M
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.