Jumia shares continue to slide

-

After a bad day on the New York Stock Exchange on Thursday, the price of shares in the Nigeria-based e-commerce company has continued to fall.

At $20.20 (£15.50) a share, the price is now nearly 25% lower than at the start of trading on Friday.

google copyright: Google
Jumia shares were hit hard by an investor report by Citron Research that questioned whether the company was worth anything and alleged that investors had been misled.

But as Quartz online magazine points out "it’s not the first time Citron has made similar claims... against a publicly traded company... and its founder, Andrew Left, has faced some repercussions."

https://www.bbc.com/news/live/world-africa-48171470

Comments

Post a Comment

Popular posts from this blog

Wherever You are NOW is Your Decision

-
Image
                                        Photo credit: entrepreneurfail According to research, very few people are successful at anything at first. I included. The reason only a tiny percentage of the population achieves any significant success or wealth through stock is that few are willing to go through the process of what it takes to achieve in the stock market, and there is no shortcut. In fact, everybody has to go through four levels of learning every single time, and often, in the process - fail, regroup and begin again. Most people blame others like government policies, currency fluctuation, political instability, the election for stopping their progress, but in truth, there's only one person who can put on the parking break and that person is YOU. Furthermore, many people drive around with the break on without knowing it, or once awareness arrives, don't know how to lift their foot off of it. That is why I have been organizing seminars and making them avail
Read more