Earnings Results: Wish stock tanks 20% as e-commerce company says demand slowed, costs rose more than expected

Shares of ContextLogic Inc fell 20% late Wednesday after the parent of e-commerce site Wish said demand for its products slowed, fewer users and active buyers used it, and costs rose more than it had expected.

Shares of ContextLogic Inc fell 20% late Wednesday after the parent of e-commerce site Wish said demand for its products slowed, fewer users and active buyers used it, and costs rose more than it had expected.