Wish IPO: Is Something Fishy Going on w/ “Logistics Revenue” Financials? – $WISH Stock
Wish, a marketplace specializing in inexpensive goods from majority Chinese sellers, has released its S-1 prospectus as the company plans to go public on the Nasdaq Global Select Market under the symbol “WISH”. Alex breaks down Wish’s marketplace business model and details some of the reasons he’s bearish on platform stock. While looking through the S-1 submitted by ContextLogic Inc., the company that operates Wish, Alex explains why he thinks the “Logistics Revenue” growth numbers seem fishy and why Wish should be providing details on logistics revenue margins for investors to truly be able to evaluate the company’s growth.
Originally Aired: 11/23/20
#Platform #WishIPO #WishStock
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