Sea shares whipsaw again after Shopee growth target sparks a spending worry
Sea Ltd slipped roughly 2% Friday morning in New York, paring some of Thursday’s 8.2% pop as the market digested the company’s intentions for increased spending. Shares traded at $93.53, down 2.1% as of 9:43 a.m. ET. https://stockanalysis.com/stocks/se/history/ The shift is significant: Sea’s been under pressure to show Shopee, its main revenue driver, can expand without margins unraveling again. The company’s performance is watched closely as a gauge for Southeast Asian e-commerce and digital lending, sectors known for fast-moving price battles and shifting promos.