Thursday, December 18, 2025

Why Labubu Maker Pop Mart’s Shares Are Plunging

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A 40% slide in shares of Pop Mart from a peak in August shows growing worries that Labubu mania may be fading. Lackluster US Black Friday sales and cooling resale demand are also reviving comparisons to the 1990s Beanie Babies bust. (Source: Bloomberg)

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