2 Reasons to Avoid Jumia Stock

2 Reasons to Avoid Jumia Stock

As a result, e-commerce platforms like Ozon Holdings in Russia took advantage, but not all did. Here, we will explore two main reasons why Jumia Technologies (NYSE: JMIA) -- a company striving to be the Amazon of Africa -- is not a good investment. To be fair to the company, it has been pulling back on growth spending in order to more quickly achieve profitability.