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2 Reasons to Avoid Jumia Stock

TheMotleyFool

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COVID-19 greatly accelerated demand for e-commerce across the globe. Social distancing made brick-and-mortar shopping far more difficult and online shopping far more convenient.

As a result, e-commerce platforms like Ozon Holdings in Russia took advantage, but not all did. Here, we will explore two main reasons why Jumia Technologies (NYSE: JMIA) -- a company striving to be the Amazon of Africa -- is not a good investment.

Image source: Getty Images.

Source Fool.com

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