Why Global-e Shares Plunged 68% in the First Half of 2022
Shares of cross-border e-commerce company Global-e Online (NASDAQ: GLBE) lost nearly 70% of their value in the first half of 2022, according to data provided by S&P Global Market Intelligence. Global-e provides global shipping and payment solutions for e-commerce companies. It's not surprising that many companies are opting in, purchasing packages that can increase their global reach and up their revenue.