This week, SEA, which is the parent company behind Shopee, will announce its latest quarterly financial statements. In parallel, some analysts now target Sea shares may continue to fall due to economic uncertainty, in addition to the overall performance of the company.
According to a Bloomberg share, so far alone, Sea shares have fallen 87% from their previous peak. It also had an impact on the decline in the value of the founder's wealth - in addition to leading to some investors exiting the Sea company's shareholding. Previously, a share of Sea reached a value of $355.99, but is now trading at a value of $49.
Sea was seen to face losses when they tried to expand the market to cover a number of global markets, but failed. And at the same time impressed with the obstacles in India – including on the game Free Fire.
For now, the Sea side is in the process of re-structuring the operation in its favor - including the administrator who has announced that he will not take a salary until it is back to operating properly.