Thieler Law Corp advises investors with losses exceeding $100,000 of the July 16, 2021 lead plaintiff deadline in a class action lawsuit filed against ContextLogic Inc. (NASDAQ: WISH) (ContextLogic Inc. or “the Company”). The suit is pending in the U.S. District Court for the Northern District of California  and investors, who purchased ContextLogic Inc. securities between December 16, 2020 and May 12, 2021, have until July 16, 2021 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class.

If you purchased ContextLogic Inc. securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 377 - 4324 or emailing mail@thielerlaw.com . No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class.

ContextLogic is a San Francisco-based, global mobile ecommerce company that operates the Wish platform that connects its value-conscious user base to merchants. Founded in 2010, Wish is a global e-commerce platform that generates revenue by charging merchants a commission on sales made in its marketplace. The Company also generates fees by offering advertising and logistics services to its merchants. With a large range of beauty, clothing and electronics products sold at wholesale prices, Wish claims to have managed to swiftly garner a user base of 100 million monthly active users (“MAUs”) and 500,000 merchants. Wish targets value-conscious shoppers with incomes below $75,000 per year. Unlike wealthier shoppers, this group of customers is extremely price sensitive and does not have as much affinity for convenience and branding, so purportedly does not mind buying sometimes off-brand wares from sometimes overseas merchants. Wish gamifies the shopping experience, using features like sweepstakes to keep customers coming back. Its discovery-based shopping experience leverages user-generated content like photos, videos and reviews – as well as what it professes to be “extensive data science capabilities” – to engage and grow its user base.

On May 12, 2020, when ContextLogic announced 1Q21 financial results for the interim period ended March 31, 2021, it disclosed that its MAUs had declined another 7% to just 101 million. The Company’s forward sales guidance also fell short, with its second quarter 2021 (“2Q21”) revenue guidance of just $715 million to $730 million coming in significantly less than the $759 million the market had been led to expect and far less than the guidance of $735 to $750 million provided for 1Q21.

According to the lawsuit, the Offering documents and defendants made false and/or misleading statements and/or failed to disclose that: (1) ContextLogic’s fourth quarter 2020 monthly active users (“MAUs”) had declined materially and were not then growing; and (2) as a result of the foregoing, defendants materially overstated the Company’s business metrics and financial prospects. When the true details entered the market, the lawsuit claims that investors suffered damages.

On December 16, 2020, ContextLogic completed its IPO in which it issued and sold 46 million shares of its Class A common stock at $24 per share, raising more than $1.1 billion in proceeds

If you were negatively impacted by your investment in ContextLogic Inc. (NASDAQ: WISH)securities between December 16, 2020 and May 12, 2021 and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, please contact us for your no-cost evaluation.

Thieler Law Corp purchases advertisements on search engines, social media sites and other websites. If you send us information, note that does not create an attorney-client relationship with the firm. Materials are provided for informational purposes only and do not constitute legal advice. We are only licensed to practice law in Germany. We are neither licensed nor qualified to render advice on US Federal or State law.

Thieler Law Corp

2534 State Street - Suite 406,

San Diego, CA 92101

by

email: mail@thielerlaw.com

or

telephone at +1 (619) 377 - 4324

or

visit our website http://www.thielerlaw.com/

or

Facsimile: +1 (619) 785 – 3185