Coupang Shares Decline Amid Financial Impact of $1.2 Billion Voucher Program
Coupang's shares fell 3.75% following Q1 results that showed an 8% revenue increase but a sharp swing into net losses due to the costs of a data breach and a $1.2 billion voucher program. The company's stock volume surged 238% above its three-month average, and it has declined 64% since its 2021 IPO.
Topics: data_breach earnings market_reaction revenue_growth stock_performance