Wish (NASDAQ: WISH) provides an electronic commerce platform. It lets users shop for discounted products. It offers accessories, baby care products, pet accessories, gadgets, cosmetics, and more. The company was founded in 2010 and is based in San Francisco, California.
Research containing Wish
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Wish in 1 CB Insights research brief, most recently on Dec 21, 2022.
Expert Collections containing Wish
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Wish is included in 3 Expert Collections, including E-Commerce.
Companies that sell goods online (B2C), or enable the selling of goods online via tech solutions (B2B).
Tech IPO Pipeline
Companies offering tech-enabled marketing and advertising services.
Wish has filed 2 patents.
Toilets, Sanitation, Toilet types, Sewerage, Bathrooms
Toilets, Sanitation, Toilet types, Sewerage, Bathrooms
Latest Wish News
Sep 20, 2023
Alta, Wyoming--(Newsfile Corp. - September 20, 2023) - J. Carlo Cannell, the Managing Member of Cannell Capital LLC, sent the following letter to CEO Jun "Joe" Yan of ContextLogic Inc. on September 19, 2023. ContextLogic Inc. operates the e-commerce website wish.com and the company's common stock trades on the Nasdaq Stock Market. Clients of Cannell Capital LLC own 3.1% of ContextLogic Inc. common stock. A copy of Mr. Cannell's letter to Mr. Yan follows below. ======================================= San Francisco, CA 94104 Dear Mr. Yan, I am sorry that you canceled our video call scheduled for September 15. I do not believe that conveying the following by email is as effective or polite as in person or via video. Since becoming a publicly traded entity in late 2020, ContextLogic Inc has generated abysmal results. Between February 1, 2021, and today $18.2 billion in market value has evaporated. During the preceding ten quarters it has burned $1.6 billion in cash flow from operations alone while insiders sold about $234 million. In the recent quarter alone, it burned $88 million. This is not sustainable. If not the most egregious example of wealth transfer and breach of duty of service to owners, it certainly is amongst the most egregious. You are not going to remediate the business of WISH. I am not alone in this view. Spending $1 on this effort is $1 too much and breaches your fiduciary duty and further sullens your reputation and that of the Board. WISH trades at a negative enterprise value of $430 million today. I believe the only viable path forward is for the Board to immediately announce and run a strategic review process with a credible advisor which process would, in my opinion and hope, result in the cessation of all operations and the return of cash to its owners which, as of June 30, 2023, would be $22.33 versus the current stock price of $4.25.1 I expect, nay demand, the Board to address my concerns and move quickly to take the right steps on behalf of all shareholders. I will wait until 5 PM MDT on Wednesday September 27 for you to evidence action after which I, or others, reserve the right to form a Concerned WISH Shareholder Group to hold you and other directors accountable. Should such a group be formed we would, amongst other things, demand, and then disseminate select sections of the minutes from the Board meetings chronicling the historical destruction and accompanying self-enrichment by management and the Board. Sincerely,
Wish Frequently Asked Questions (FAQ)
When was Wish founded?
Wish was founded in 2010.
Where is Wish's headquarters?
Wish's headquarters is located at 1 Sansome Street, San Francisco.
What is Wish's latest funding round?
Wish's latest funding round is IPO.
How much did Wish raise?
Wish raised a total of $1.769B.
Who are the investors of Wish?
Investors of Wish include General Atlantic, Tengelmann Ventures, Emil Capital, Founders Fund, IDG Capital and 43 more.
Who are Wish's competitors?
Competitors of Wish include Zulily, SHEIN, Poshmark, Snapdeal, Pinterest and 8 more.
Compare Wish to Competitors
Wanelo operates as a social shopping platform. The platform allows users to post, collect, and organize products and follow people and stores they like, as well as purchase anything posted on the site. The company was founded in 2012 and is based in San Francisco, California.
Fancy, created by thingd (Thing Daemon), is a social shopping and blogging platform to list products. Fancy's scrapbooking and shopping site allows a user to create a catalog of favorite things around the web and around the world. Fancy users can curate a collection of things they love, receive updates on favorite brands and stores and share discoveries all in one place.
The Hunt is a community-driven shopping experience that makes it easy and fun to shop for the things seen in photos on sites like Pinterest, Facebook, Instagram and Tumblr. The Hunt solves shoppers foremost pain point when browsing these sites: where to actually purchase the item in the photo.
Flyp is a mobile marketplace that allows users to buy and sell used clothes and accessories. Flyp was formerly known as Brisk. The company was founded in 2018 and is based in San Francisco, California.
Fashion Nova is a social media & e-commerce platform dedicated to curating new trends for both for women and men.
Storenvy offers a way to shop over 30,000 creative businesses, and an easy way to open online stores. The Storenvy Marketplace lets shoppers discover and buy products from creative businesses around the world by connecting with friends and influencers. With Storenvy Stores, merchants can create a customizable online storefront in minutes. Running a Storenvy store is free, with no set-up fees, monthly fees or listing fees. Premium features are available to storefronts for a monthly fee, including custom domain support for $4.99/month and advanced discount features for $2.99/month. The company will soon introduce a commission fee for sales made through the marketplace, though sales through a merchant's storefront will remain free.