From “most downloaded” to underdog: Deal gives Wish a lifeline but no guarantees
Inside Retail
FEBRUARY 15, 2024
As Neil Saunders, managing director and retail analyst at GlobalData, noted, “Wish has been acquired for a fraction of its original valuation which shows that this is a company in deep trouble, not one that is on the front foot. Why did Wish agree to the buyout? Wish was founded in 2010 and rose to prominence over the next decade.
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