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Sea Ltd. plunges 20% after results: Are investors losing confidence?
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Singapore-based internet services company $Sea (SE.US)$ shares plunged more than 20% after disclosing a surprising net loss in its Q3 result Show More
Singapore-based internet services company $Sea (SE.US)$ shares plunged more than 20% after disclosing a surprising net loss in its Q3 results.

The company has turned profitable since Q4 2022 by focusing on cost-cutting and operational efficiency. However, the management decided to invest more this quarter to consolidate its market share in Southeast Asia, mostly Indonesia, as its e-commerce platform Shopee saw increasing competition from platforms such as TikTok, Shein and Temu.

🎤Discuss:
Do you think Sea Ltd. can stabilize its market share in Southeast Asia?

Source: Seeking Alpha/Investing.com
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