SE Asian internet giant Sea dropped 29%, its largest single-day drop ever, wiping out nearly $10B of its market cap; Sea is valued at $23B vs. $180B in 2021 (Olivia Poh/Bloomberg)

Olivia Poh / Bloomberg:
SE Asian internet giant Sea dropped 29%, its largest single-day drop ever, wiping out nearly $10B of its market cap; Sea is valued at $23B vs. $180B in 2021  —  - Singapore e-commerce stock drops to lowest ever as sales slow  — Competition intensifies as Alibaba, TikTok gain shopping users

from Techmeme https://ift.tt/H4tlm09