Morsa Images Jumia Technologies Overview My initial bearish thesis about Jumia Technologies AG (NYSE:JMIA) did not age well as the stock rallied by almost 82% over the last 12 months even despite today's massive around 50% intraday plunge after weak earnings release. The massive rally in 2024 is explained by robust Q1 2024 earnings, but it appears that today's earnings release notably cooled investors' optimism. The Q2 performance was indeed weak with negative dynamics across most of the vital business  ...