Pop Mart's Labubu: From Boom to Bust?
From Billion-Dollar Darling to Fading Fad? Pop Mart, the company behind the wildly popular Labubu doll, saw its stock plummet after a major bank downgrade sparked investor fears about over-reliance on a single character. Once flaunted by celebs like David Beckham and Lisa from Blackpink, the rabbit-eared plush toy's hype is fading, resale prices are dropping, and the company's founder lost billions. Can Pop Mart transform Labubu from a viral sensation into a lasting franchise with overseas expansion and new projects, or is this billion-dollar mascot destined to become another Tickle Me Elmo? Hosted on Acast. See acast.com/privacy for more information.