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$10 billion wiped off Garena Free Fire owner Sea's market value overnight
short by Pragya Swastik / on Wednesday, 16 August, 2023
Garena Free Fire game and e-commerce platform Shopee's owner Sea Ltd lost $10 billion in market value overnight after the company's shares tumbled 29%. Southeast Asia's largest internet firm saw its biggest single-day plunge after reporting revenue that missed analysts' estimates. The shares slump also wiped out a quarter of Sea Ltd Founder Forrest Li's fortune.
read more at Reuters