Coupang back in the red after data breach fallout

E-commerce giant Coupang swung to a quarterly loss despite continued revenue growth, amid the aftershocks of a data breach that disrupted demand and strained its logistics network. The New York Stock Exchange-listed company reported Wednesday that revenue for the January-March period rose 8 percent on-year to $8.5 billion, while posting an operating loss of $242 million. Adjusted earnings before interest, taxes, depreciation and amortization fell to $29 million, down sharply from $382 million a

By The Korea Herald