Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Jumia Technologies Stock Fell Today

TheMotleyFool

0 0

Shares of Jumia Technologies (NYSE: JMIA) were taking a dive today after the African e-commerce leader posted its second-quarter earnings report.

Though Jumia showed off solid growth in the quarter, investor attention focused on the company's expanding range of investigations concerning internal fraud among its sales force and accusations of faulty accounting and misstatements in its April initial public offering (IPO) that have led to class action lawsuits.

Jumia shares were trading down 17.4% as of 3:53 p.m. EDT.

Source Fool.com

Like: 0

JMIA

Share