Under $1 WISH Stock Promises No Good Wishes In Future

For four consecutive quarters, Contextlogic (Nasdaq: WISH) is shrinking in revenues and earnings when marketplaces appear on social platforms like Instagram and Facebook. Google is gearing up for offering physical goods as well. During such a tense competition the e-commerce company is definitely losing the battleground.

Wish.com could be an Amazon killer but overadvertising and offering limited services has frankly led to the existential crisis. The online marketplace has openly been monopolized by big corporations who for decades controlled major internet activities.

Contextlogic doesn’t even have its own cloud-based ecosystem which could lure its permanent customers to stay at its diversified service-giving platforms.

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