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Started By
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Jmia
Posted on 10/8/20 at 10:20 am
Posted on 10/8/20 at 10:20 am
Anyone following them? I was in the negative on them last week and now I am up $20
4
Posted on 10/8/20 at 10:23 am to couv1217
That company is a massive scam, I would sell while you’re ahead. Huge pump and dumps multiple times. Heavily accused of fraud. Creating fake financials
It’s literally hyped as “The Amazon of Africa”. But that statement itself is flawed. Africa has relatively little access to internet, so internet orders don’t make sense. Africa has large portions of the continent that are difficult to reach from other portions, so shipment would be problematic for the service to be widespread, resulting in higher costs. And Africa is by and large very poor compared to America or even BABA’s countries served, so a lot of residents won’t be able to use it
It’s literally hyped as “The Amazon of Africa”. But that statement itself is flawed. Africa has relatively little access to internet, so internet orders don’t make sense. Africa has large portions of the continent that are difficult to reach from other portions, so shipment would be problematic for the service to be widespread, resulting in higher costs. And Africa is by and large very poor compared to America or even BABA’s countries served, so a lot of residents won’t be able to use it
This post was edited on 10/8/20 at 10:29 am
Posted on 10/8/20 at 10:58 am to couv1217
Been watching them since the IPO. Bought in at 27 the day after IPO, sold at 38 because there was way too much speculation going on.
Bought back in during peak pandemic at 2.85... Unfortunately, I only bought 200 shares, but that was what I was willing to lose at that time.
It could be the next Mercadolibre or a huge bust imo. I dont think we'll really know whether its a bust for a couple years at least.
Bought back in during peak pandemic at 2.85... Unfortunately, I only bought 200 shares, but that was what I was willing to lose at that time.
It could be the next Mercadolibre or a huge bust imo. I dont think we'll really know whether its a bust for a couple years at least.
Posted on 10/8/20 at 11:32 am to couv1217
SE
MELLI
BABA
those are the emerging market commerce stocks that are proven.
MELLI
BABA
those are the emerging market commerce stocks that are proven.
Posted on 10/8/20 at 12:32 pm to couv1217
I hear it's the Amazon of Africa 
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