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Why Sea Limited Stock Plunged This Week

TheMotleyFool

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Why Sea Limited Stock Plunged This Week: https://g.foolcdn.com/editorial/images/755412/e-commerce-shopping-getting-a-package.jpg

Shares of Sea Limited (NYSE: SE) were taking a dive this week after the diversified Southeast Asian tech company posted disappointing results in its third-quarter earnings report. Sea, which operates as an online gaming, e-commerce, and digital payments company, posted a surprise loss in the quarter, adding to concerns about a lack of financial discipline.

Through Thursday's market close, the stock was down 16.7% for the week.

Image source: Getty Images.

Source Fool.com

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