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 Pinduoduo Is Falling Today

TheMotleyFool

0 0

Shares of Pinduoduo (NASDAQ: PDD) were tumbling 12% in morning trading Friday, after the Chinese social e-commerce platform reported second-quarter results that fell short of analyst forecasts.

While the e-commerce site that allows shoppers to include their social media contacts to form "shopping teams" beat Wall Street's bottom-line expectations, top-line figures missed.

Pinduoduo said sales soared 67% to 12.2 billion yuan, or about $1.7 billion, but that was below projections of almost CNY 12.8 billion.

Source Fool.com

Like: 0

PDD

Share