Firm behind Free Fire app loses $132 bn in market value in 5 months

Singapore-based Sea Ltd, the owner of Garena Free Fire game, has lost $132 billion in market value from its peak last year in October. Its shares fell 13% in US trading on Tuesday, wiping $11 billion from its market valuation. Sea had earlier lost over $16 billion in its biggest daily market value drop after India banned Free Fire's app.