ContextLogic (WISH) Reports Q3, Initiates Exploration of Strategic Alternatives
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Wish Reports Third Quarter 2023 Financial Results; Initiates a Process to Explore a Range of Strategic Alternatives
November 7, 2023 4:10 PM ESTSAN FRANCISCO, Nov. 07, 2023 (GLOBE NEWSWIRE) -- ContextLogic Inc. (d/b/a Wish) (Nasdaq: WISH), one of the largest mobile ecommerce platforms, today reported its financial results for the quarter and nine months ended September 30, 2023. Wish also announced today that its Board of Directors has initiated a process to explore a range of strategic alternatives to maximize shareholder value.
Third Quarter 2023 Financial Highlights
Revenues: Revenues were $60 million, a decrease of 52% YoY... More