Dec. 18 at 3:47 AM
Despite record sales, ecommerce stocks are struggling.
$AMZN (largest ecommerce globally) down 12% from highs
$CPNG (largest in South Korea) down 31%
$MELI (largest in Latin America) down 26%
$SE (largest in Southeast Asia) down 37%
$PDD (global player) down 31%
Even with 20%+ YoY revenue and EPS growth, these companies are seeing significant declines.