Rock-Bottom Prices Turn Mobile App Duo at Wish Into Billionaires
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Need a $4 wrist watch? A $22 pair of sneakers? A $15 leather jacket?
Such deals have propelled e-commerce site Wish up the ranks of the most valuable U.S. unicorns and made its co-founders Silicon Valley’s latest paper billionaires. Peter Szulczewski and Danny Zhang each own about a $1.3 billion stake on paper, according to an analysis by EquityZen, a marketplace for shares in pre-IPO technology companies.