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Jumia Shares Fall Tuesday: What’s Going On?

Motley Fool

Why Today Was a Bad Day for Jumia Stock

Shares of African e-commerce company Jumia Technologies (NYSE: JMIA) were having a bad day on Tuesday after the company released financial results for the third quarter of 2021. For Q3, Jumia reported revenue of $42.7 million, which was up 8.5% year over year. For starters, gross merchandise volume (GMV), the amount of money flowing through Jumia’s platform, was up both from last year and last quarter.

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