Collectors, could this be the last time we mention Labubu in these pages? Earlier this week JP Morgan downgraded Labubu-maker POP MART’s stock due to the softening of the collectible toy’s prices on the secondary market. Investors took notice of the news, and the stock dipped 9%, erasing almost a quarter of the company’s value, roughly $13B, since hitting a record high only a few weeks ago, according to Hypebeast.