The World’s Hottest Stock Is a Money-Losing Tech Giant Soaring 880%
- Sea Ltd. is surging as business booms during the pandemic
- Bulls see a Tencent-Alibaba mash-up; bears see a bubble
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It gets far less attention than Tesla, the FAANGs or even the Robinhood flavor of the week.
Yet Sea Ltd. has quietly become the world’s best-performing large-cap stock, stoking a debate on Wall Street over whether the Singapore-based gaming, e-commerce and payments company is the next great internet colossus or just Exhibit A in a global tech bubble that’s destined to burst.