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Earnings Results: Wish stock tanks 18% as e-commerce company says demand slowed, costs rose more than expected

Earnings Results: Wish stock tanks 18% as e-commerce company says demand slowed, costs rose more than expected

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Shares of ContextLogic Inc. fell more than 18% in after-hours trading Wednesday after the parent of e-commerce site Wish said demand for its products slowed, fewer users and active buyers used it, and costs rose more than it had expected.

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