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Why Shares of Sea Limited Tanked 8% Today

·2-min read
Why Shares of Sea Limited Tanked 8% Today
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Shares of southeast Asia e-commerce and video game giant Sea Limited (NYSE: SE) were down 8% today as of 1:30 p.m. ET. It deepens the sell-off the stock has suffered since October when Sea reached its all-time high. Sea has been using its highly profitable video game segment (publisher Garena, responsible for the international hit Free Fire) to invest in its e-commerce app Shopee.

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