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Will Jumia Stock Pay Off Big for Investors?

Will Jumia Stock Pay Off Big for Investors?

Jumia Technologies (NYSE: JMIA) hasn't escaped the 2022 bear market -- it's down 65% year to date, and it isn't hard to see why. Despite enjoying a first-mover advantage in Africa's e-commerce market, the Nigerian company has failed thus far to achieve profitability or rapid revenue growth. What is Jumia Technologies?