Why Jumia Technologies Stock Sank Today @themotleyfool #stocks $JMIA $^GSPC $^IXIC

Why Jumia Technologies Stock Sank Today @themotleyfool #stocks $JMIA $^GSPC $^IXIC

A Telco’s Surprise Takeover Bid Offers Jolted & Jilted Jumia A Lifeline

Jumia made headlines as the “Amazon of Africa” for much of the last decade, becoming Africa’s first tech unicorn and going public at USD 14.00 a share in 2019 before soaring past USD 50.00. But in 2025, it’s a complicated tale, exiting markets, shedding services, early backers pulling out, and its stock under USD 5.00. Today, a surprising player is in the wings, plotting a takeover of Africa’s biggest e-commerce company, reports suggest. The sui…