TOKYO -- In its initial quarter after listing on the Japanese stock market, flea market app Mercari has yet to demonstrate a viable pathway to profitability, a predicament that has wiped 40% off its market value.
Companies
From unicorn to reality, Mercari searches for the magic
Flea market app turns in $24.6m loss to nervous investors
CEO Shintaro Yamada had warned investors that Mercari was not for short-term gains.
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