Doesn't matter if it's $ContextLogic Inc.(WISH)$ or $Phunware, Inc.(PHUN)$ etc, We have to accept that our stock market is a big baloon and any wrong news will cause any stock to go down tremendously.

In the past a good earning or a bad earning report was resulting with 10% changes. Now the influence of the reports are up to 50%. The reason is obvious. No company makes profit, they are just being valued like crypto currencies without any financial support behind. This is normal. More and more stocks will blow out as worse news get in.

There's inflation, there's unemployment and a lot of pumped money. So we're approaching to the end of this over inflated market. It's not about Wish, it's all about our stock market. I'd be cautious to buy any stock even after a 50% price drop. If you feel like you can hold then make a projection for at least 2 years.

Good Luck