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(Bloomberg) -- Last Monday, Sea Ltd. employees were starting their week when an email from Chief Executive Officer Forrest Li arrived. In the 900-word memo, the billionaire adopted a contrite tone, addressing head-on a $150 billion plunge in his company’s value since late 2021.
Last Monday (March 7), Sea employees were starting their week when an email from Mr Li arrived. . Read more at straitstimes.com.
Stock tumbles again on disappointing earnings report
SE earnings call for the period ending December 31, 2021.
(Bloomberg) -- Sea Ltd., once the hottest stock in the world, has lost more than $130 billion in market value from its peak last year after a disappointing earnings report that added to its woes.