PDD: Growth Caves In, As Competition Intensifies (Rating Downgrade)

Robert Way Investment Thesis PDD Holdings Inc. (NASDAQ:PDD) reported their earnings report for the second quarter of 2024 and cast a gloomy outlook on their growth forecasts. PDD's Q2 earnings report showed a miss on their total sales figure, underwhelming the lofty near-2x expectations markets had for PDD. However, management was further surprised with commentary now warning of slower growth ahead. These comments have heavily weighed on the company, with the stock losing almost a quarter of its market cap ...