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ContextLogic Inc (ContextLogic) is a mobile ecommerce platform provider that connects consumers to merchants worldwide. The company's main activities includes leveraging technology and data science to provide a discovery-based mobile shopping. ContextLogi offers a wide range of product driven by personalization technology and complemented by robust merchandising. The company's services are primarily used by consumers seeking affordable shopping experiences. It also collaborates with local retailers through its Wish Local initiative, which serves as pickup locations for online orders. ContextLogic is headquartered in Oakland, California, the US.
Headquarters
United States of America
Address
Suite 115, 2648 International Blvd., Oakland, California, 94601
Website
ir.contextlogicinc.com
Telephone
1 415 9658576
No of Employees
8
Industry
Technology and Communications
Ticker Symbol & Exchange
LOGC (OTC)
Revenue (2024)
$43.0M
-85%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
76.3%
(2024 vs 2023)
Market Cap*
$407.0M
Net Profit Margin (2024)
XYZ
-57.9%
(2024 vs 2023)
* As of and is in US$
ContextLogic Inc premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Product: | Mobile E-Commerce Services |
| Wish Platform |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2025 | Contracts/Agreements | In December, the company entered into an agreement to acquire US Salt Parent Holdings, LLC and its subsidiaries from funds managed by Emerald Lake Capital Management for US$907.5 million. |
| 2024 | Plans/Strategy | In February, the company announced plans to sell its operating assets and liabilities to Qoo10 for US$173 million. |
| 2023 | Contracts/Agreements | In November, the company entered into a partnership with Octopia under which Europe-based merchants will start selling on its platform. |
Competitor Comparison
| Key Parameters | ContextLogic Inc | Lowe's Companies Inc | Bed Bath & Beyond Inc | Poshmark Inc | Belk Ecommerce LLC |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | United States of America | United States of America |
| City | Oakland | Mooresville | Murray | Redwood City | Raleigh |
| State/Province | California | North Carolina | Utah | California | North Carolina |
| No. of Employees | 8 | 161,000 | 610 | - | - |
| Entity Type | Public | Public | Private | Private | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Ted Goldthorpe | Chairman; Director | Executive Board | - | 48 |
| Rishi Bajaj | Chief Executive Officer; Director | Executive Board | 2023 | 45 |
| Michael Scarola | Chief Financial Officer | Senior Management | 2025 | - |
| Mark Ward | President | Senior Management | 2025 | - |
| Marshall Heinberg | Director | Non Executive Board | 2024 | 68 |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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