Why Sea Limited Stock Was Falling This Week

Shares of Sea Limited (NYSE: SE) are down 24% for the week as of 11:39 a.m. ET on Friday, according to data provided by S&P Global Market Intelligence. Perhaps more disappointing for investors was the company's decision to suspend its forward guidance considering weakening economic conditions. Sea was a huge beneficiary of the stay-at-home environment during the pandemic, but like Amazon, Etsy, and other leading e-commerce stocks, Sea has suffered from decelerating revenue growth as consumers return to in-store shopping.