Why Labubu Maker Pop Mart's Shares Are Plunging

Bloomberg Markets 5 hours ago 54

A 40% slide in shares of Pop Mart from a peak in August shows growing worries that Labubu mania may be fading. Lackluster US Black Friday sales and cooling resale demand are also reviving comparisons to the 1990s Beanie Babies bust. (Source: Bloomberg)

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