ContextLogic (WISH) Announces $50M Share Buyback

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Go back to ContextLogic (WISH) Announces $50M Share Buyback

Wish Announces $50 Million Share Repurchase Program

April 20, 2023 4:05 PM EDT

SAN FRANCISCO, April 20, 2023 (GLOBE NEWSWIRE) -- ContextLogic Inc. (d/b/a Wish or the Company) (NASDAQ: WISH), one of the worlds largest mobile ecommerce platforms, announced today that its Board of Directors has approved a share repurchase program with authorization to repurchase up to $50 million in shares of its Class A common stock.

"We believe that the current macroeconomic environment and the strength of our balance sheet presents an attractive buying opportunity for our stock. This share repurchase program demonstrates the Boards and managements confidence in the... More