Coupang Stock Slides After $266 Million Q1 Loss, and the Data-Breach Bill Is Still Coming Due
Coupang Inc. shares took a 16.6% hit to $17.32 in early afternoon trading in New York on Wednesday, pressured by a $266 million net loss for the first quarter. The South Korea-focused e-commerce company blamed higher compensation and network expenses stemming from last year’s data breach for the red ink in the January–March stretch. MarketScreener provided the trading data.
