StockTalk(8.16): Sea Ltd's stock plunge: What does it mean for the company's e-commerce ambitions?

Moomoo SGOP :  How will Sea Ltd's recent stock plunge impact Singaporean investors?
Join us and share your thoughts on today's topic. Points are awaiting!

Gong Xi Fuck Cai ❤ : Everyday i hear that shop pee pee pee shop pee pee pee hear until i tio gong tao, after that head blur blur go shopee there anyhow click anyhow buy. Sometimes even inside toilet you also can hear that shop pee pee pee huanting you.

Ruku Yuan : The gaps in many areas still need to be filled back and the lack of coolness in the market
Whether it can still go back to 56 yuan is a big question

Jungle lee : Due The macroeconomic outlook is full of challenges, and tepid spending is also putting pressure on Shopee, i dont think this is a good opportunity to invest in, lets see how the market share been expanding on live streaming arm first.

VKFA : Reassess strategy, we need also save our capital 🫢🫣

CasualInvestor : To stay competitive $Sea (SE.US)$ will need to relook at how products placed are competitive to other platforms. Else customers stop using the platform altogether since there’s constantly cheaper alternatives for same products sold on other platforms.

ZnWC : Sea Ltd's Q2 2023 Earnings reported total revenue declined by 12% on a QoQ basis mainly due to the drag from the Digital entertainment segment as revenue plunged 43% QoQ. The E-commerce segment held its ground with a 1% growth QoQ.
Net income declined QoQ from $423 million to $87 million.

The disappointing earnings is reflected in the stock performance as share price plummeted 24% after announcement. I think the company is considering further cutting cost soon and layoff next on the list.

I'm not overly worried about the e-commerce industry as the revenue decline is mainly in the Digital entertainment segment. But market share may decline further due to competition and macroeconomics factors such as China's economy slowdown and global recession risk.