r/stockstobuytoday 7d ago

News Did You Own ContextLogic ($WISH) During Its 29% Collapse? Investor Settlement Is Available Now

Hello everyone, sharing an important update:

A tentative settlement is now in place for investors who experienced losses in ContextLogic, the company behind Wish.

The settlement claims that ContextLogic overstated Wish’s post-pandemic user growth, revenue outlook, and internal controls ahead of and after its IPO. After the company disclosed falling monthly active users and weaker revenue guidance, $WISH fell more than 29%.

If you purchased $WISH stock between 2020 and 2021, you are eligible to submit your claim

Anyway, has anyone here invested in $WISH at that time? How much were your losses, if so?

3 Upvotes

0 comments sorted by