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Why Farfetch Fell More Than 8% on Tuesday

Why Farfetch Fell More Than 8% on Tuesday

Shares of luxury fashion e-commerce platform Farfetch (NYSE: FTCH) fell 8.5% on Tuesday, dragging the stock back toward its record low reached just last week. Although the company itself did not report it (and has neither confirmed nor denied it), industry news site Business of Fashion reports the struggling online-shopping platform is looking for an investor before running out of cash before the end of this year. The suggestion isn't all that "far-fetched," of course, given what the company has confirmed of late.