The craze for Labubu is rapidly fading—Pop Mart’s stock has plummeted by 40%, and fashion fatigue has left collectors disillusioned.
The Labubu craze appears to be fading rapidly — a nearly 40% drop in Pop Mart’s stock price has shocked both collectors and investors. The initial wave of Labubu popularity — fueled by social media hype, limited editions, and “blind box” sales — quickly captured attention, but now those same factors seem to be backfiring … Read more