Wish CEO Launches Vlog Series to Share Updates on Turnaround Journey
June 30 2022 - 4:05PM
ContextLogic Inc. (d/b/a Wish) (NASDAQ: WISH), one of the world’s
largest mobile ecommerce platforms, today announced the launch of
‘Inside Wish’ - a new vlog series featuring Wish CEO, Vijay
Talwar, providing one to two minute updates on the progress of the
company’s turnaround. New video episodes will be posted every few
weeks across Wish’s YouTube, LinkedIn and Twitter channels.
Throughout the series,
Vijay will shine a light on some of the changes underway at Wish -
from the enhancements to the merchant and customer experience,
through to the shift in company culture to focus on the consumer.
The series will also include personal anecdotes, observations and
lessons learned along the way.
“‘Inside Wish’ is all about creating
an open dialogue with our audiences. We’re undergoing a period of
transformation, and want our audiences to be a part of that journey
and play a role in how we evolve,” said Vijay. “Each week I’ll be
taking questions and suggestions and giving my honest, uncut
perspective on where I think we can win and where we need to
improve.”
Viewers can email insidewish@wish.com
with their questions, episode ideas, thought starters, or to give
feedback on the series. Wish will use this feedback to inform
future episodes.
Vijay continued, “When I first joined
the company, I said ‘I firmly believe the best years for Wish are
right ahead of us.’ I still believe this to be true. We have a long
road ahead of us - and many episodes of ‘Inside Wish’ to share -
before this vision is realized. It’s important to me that this
series brings everyone into the fold during this pivotal time in
Wish’s history.”
Wish first announced its turnaround
plans last year. Key highlights of the company’s progress so far
include:
- New senior leadership team - in addition to
Vijay, Wish has bolstered its leadership team with a new chief
product officer, chief technology officer and chief financial
officer.
- Launch of Wish Standards - a robust,
comprehensive merchant incentive program to help foster better
merchant-consumer experiences on the Wish platform.
- Country rationalization - Wish has exited 79
markets so that it can invest and optimize its consumer experience
in 61 high priority markets.
- Invite-only merchant program - all new,
incoming Wish merchants must now undergo a screening process before
joining the Wish marketplace.
- Wish Clips - new shoppable video experience
now available on the Wish app.
- New homepage
redesign - consumers on Android can now more
easily discover trending products, browse recommendations and seek
out the latest deals. iOS updates to the homepage are
forthcoming.
To learn more about Wish, please visit
www.wish.com. To watch the first episode of Inside Wish, please
visit here.
About Wish:Wish
brings an affordable and entertaining shopping experience to
millions of consumers around the world. Since our founding in San
Francisco in 2010, we have become one of the largest global
ecommerce platforms, connecting millions of value-conscious
consumers to over half a million merchants globally. Wish combines
technology and data science capabilities and an innovative
discovery-based mobile shopping experience to create a
highly-visual, entertaining, and personalized shopping experience
for its users. For more information about the company or to
download the Wish mobile app, visit www.wish.com or follow @Wish on
Facebook, Instagram and TikTok or @WishShopping on Twitter and
YouTube.
Forward-Looking
Statements:This news release contains forward-looking
statements within the meaning of the Safe Harbor provisions of the
Private Securities Litigation Reform Act of 1995. All statements
other than statements of historical fact could be deemed
forward-looking, including, but not limited to, statements
regarding the effectiveness of the turnaround strategy initiatives,
related timelines and their ability to enhance the customer
experience as well as statements regarding Wish's outlook,
priorities, strategic direction, new merchant programs and
relationships, partnership expectations, business operations, and
growth initiatives. In some cases, forward-looking statements can
be identified by terms such as “anticipates,” “believes,” “could,”
“estimates,” “expects,” “foresees,” “forecasts,” “guidance,”
“intends” “goals,” “may,” “might,” “outlook,” “plans,” “potential,”
“predicts,” “projects,” “seeks,” “should,” “targets,” “will,”
“would” or similar expressions and the negatives of those terms.
These forward-looking statements are subject to risks,
uncertainties, and assumptions. If the risks materialize or
assumptions prove incorrect, actual results could differ materially
from the results implied by these forward-looking statements. New
risks emerge from time to time. It is not possible for our
management to predict all risks, nor can we assess the impact of
all factors on our business or the extent to which any factor, or
combination of factors, may cause actual results to differ
materially from those contained in any forward-looking statements
we may make. Further information on these and additional risks that
could affect Wish’s results is included in its filings with the
Securities and Exchange Commission (“SEC”), including its most
recent Annual Report on Form 10-K and Quarterly Report on Form
10-Q, and future reports that Wish may file with the SEC from time
to time, which could cause actual results to vary from
expectations. Any forward-looking statement made by Wish in this
news release speaks only as of the day on which Wish makes it. Wish
assumes no obligation to, and does not currently intend to, update
any such forward-looking statements after the date of this
release.
Media contact:
Carys
Comerford-Greenpress@wish.com
IR contact:
Randy Scheragoir@wish.com
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