Farfetch Stock Is Down 90% From Its High. Time to Buy?

Farfetch (NYSE: FTCH) stock hit its all-time high of $73.35 last February. Farfetch disappointed investors with its slowing growth and ongoing losses, while the post-pandemic slowdown of the e-commerce market, inflation, rising interest rates, and other macro headwinds made it even less attractive. Farfetch's online marketplace, which features nearly 1,300 luxury brands, connects sellers in over 50 countries to customers in more than 190 countries.