Wish
The original "ultra-cheap Chinese trinkets" app — peaked in 2018 then crashed against Temu/Shein. Sold to Qoo10 in 2024 for $173M.
ContextLogic (parent) IPO'd 2020 at $14, dropped below $1 within 2 years. Algorithm-driven feed of $1 items, long shipping (3–6 weeks). Template for Temu but lost quickly on supply chain.