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Jumia Technologies AG JMIA

Jumia Technologies AG is a Germany-based e-commerce platform provider. The Company’s platform consist of sellers with consumers, its logistics service, which enables the shipment and delivery of packages from sellers to consumers, and its payment service, which facilitates transactions among participants active on the Company’s platform. The Company’s marketplace is consists of a range of sellers that offer goods in a wide range of categories, such as fashion and apparel, smartphones, home and living, consumer packaged goods, beauty and perfumes and other electronics. The Company also provide consumers with access to a various services, such as restaurant food delivery, hotel and flight booking, classified advertising and airtime recharge.


NYSE:JMIA - Post by User

Comment by DreadBeardon Oct 12, 2020 12:13pm
134 Views
Post# 31704291

RE:What Happened Today

RE:What Happened Today
IMO- The drop you are refering to in my opinion was because people over bought on the hype, but JMIA was doing a lot of humanitarian type discounts during CoVID, the earnings weren't near what was possible. However that being said, those humanitarium efforts should do a lot for the company in the long run bringing in far more customers to greatly increase their business for future quarters. This has a lot up to go yet.


ConstantTrader wrote: The 2nd Q report was not that bad, trying to understand the drop in price?  That being said, still holding and will continue to buy.  Company is heading in the right direction and has been dubbed the Amazon of Africa.  I don;t understand the drop.


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