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Why PDD Holdings Stock Plunged Today

TheMotleyFool

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Shares of PDD Holdings (NASDAQ: PDD) were tumbling today after the Chinese e-commerce company and owner of Pinduoduo and Temu posted disappointing revenue growth in the second quarter and offered a downbeat commentary on the quarters ahead.

Shares were down 28% as of 11:12 a.m. ET on the news.

Image source: Getty Images.

Source Fool.com

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