Ahh, yes. The internet dollartree that was trading at $30 a few months ago and is currently at $11.
(Not just a meme stock considering revenue was up 76% in Q1 of 2021 but anyways, back to the DD)
“Wish started off 2021 strong with Q1 results that exceeded our expectations on both the top and bottom lines,” said Wish Founder and CEO Piotr Szulczewski. “Revenue grew 75% year over year, an acceleration from Q4 2020, and we improved our Adjusted EBITDA margin on both a sequential and year over year basis, demonstrating leverage in our business model. Our primary focus is to drive continued long-term growth through efficient user acquisition, increased monetization and higher retention. This quarter we delivered on our plan and saw momentum build for our newer initiatives, including Wish Local expansion, as well as our efforts to diversify product selection. As the worldwide economy continues to recover, we are pleased by the robust demand we are seeing on the Wish app.”
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