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Jumia Stock Is Plummeting Today

Jumia's fourth-quarter results were met with disappointment from Wall Street, as the company posted lower-than-expected sales and issued guidance that fell short of analyst estimates. The online retail specialist also reported a substantial decline in gross merchandise volume, with total transaction value falling 12% year over year to $206.1 million. Jumia's cash reserves of $133.9 million may not be enough to sustain the company's financial struggles.

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