Coupang's Leap: Rocket Delivery And Farfetch Deal Fuel E-Commerce Surge

Sundry Photography Thesis Coupang, Inc. (NYSE:CPNG) was incorporated in 2010 and is an e-commerce company headquartered in Seattle, WA. CPNG’s IPO date was March 11, 2021, and it began trading at $$63.50 per stock, giving CPNG a market cap of $$102.2. As of April 3, 2024, the stock price was $18.56 and is down over 70% from all-time highs, mainly attributed to high losses and low margins. But, I think things are changing. With strong year-over-year active customer growth, CPNG’s revenue has doubled, and,  ...