Why Global-e Online Stock Plunged This Week
Shares of cross-border e-commerce solutions provider Global-e Online (NASDAQ: GLBE) were down by 25% this week as of 9:30 a.m. ET Friday, according to data provided by S&P Global Market Intelligence.The growth company reported earnings on Wednesday but left the market wanting more after it offered weak guidance tied to concerns about the United States potentially imposing new tariffs.Global-e Online's platform solves many of the complexities involved when a merchant sells internationally. The company offers checkout services in 30 languages, provides pricing in over 100 currencies, accepts 150 payment methods, collaborates with 20 carriers for delivery, and calculates import duties and taxes in 170 markets.Continue reading
Shares of cross-border e-commerce solutions provider Global-e Online (NASDAQ: GLBE) were down by 25% this week as of 9:30 a.m. ET Friday, according to data provided by S&P Global Market Intelligence.
The growth company reported earnings on Wednesday but left the market wanting more after it offered weak guidance tied to concerns about the United States potentially imposing new tariffs.
Global-e Online's platform solves many of the complexities involved when a merchant sells internationally. The company offers checkout services in 30 languages, provides pricing in over 100 currencies, accepts 150 payment methods, collaborates with 20 carriers for delivery, and calculates import duties and taxes in 170 markets.
