Core Viewpoint - Coupang, Inc. is facing a class action lawsuit due to a significant data breach affecting 33.7 million customer accounts, leading to a decline in stock prices and the resignation of its CEO [1][3][4]. Group 1: Legal Actions - The Portnoy Law Firm is advising Coupang investors to join a class action lawsuit for those who purchased securities between August 6, 2025, and December 16, 2025, with a deadline to file a lead plaintiff motion by February 17, 2026 [1]. - Investors can contact the Portnoy Law Firm for a complimentary case evaluation and to discuss options for recovering losses [2]. Group 2: Data Breach Incident - On November 30, 2025, it was reported that Coupang apologized for a data breach involving unauthorized access to personal information from 33.7 million customer accounts, resulting in a stock price drop of $1.51 (5.36%) to close at $26.65 on December 1, 2025 [3]. - Following the breach, on December 10, 2025, the CEO of Coupang resigned, and a police raid occurred at the company's Seoul offices, causing the stock price to fall by $0.87 (3.2%) to close at $26.06 [4]. - On December 16, 2025, Coupang acknowledged the breach in a filing with the U.S. Securities and Exchange Commission, revealing that a former employee may have accessed sensitive information for up to 33 million accounts, leading to a further stock price decline of $0.47 (2.03%) to close at $22.72 on December 17, 2025 [5].

Core Viewpoint - A class action lawsuit has been filed against Coupang, Inc. for allegedly making false statements and failing to disclose significant cybersecurity issues that led to a data breach affecting millions of customers [2][6]. Group 1: Lawsuit Details - The lawsuit claims that Coupang had inadequate cybersecurity protocols, allowing a former employee to access sensitive customer information for nearly six months without detection [2]. - The lawsuit alleges that Coupang did not report the data breach in compliance with U.S. Securities and Exchange Commission rules when they became aware of it [2]. - Investors who suffered losses during the class period from August 6, 2025, to December 16, 2025, can request lead plaintiff appointment until February 17, 2026 [1][6]. Group 2: Impact of Data Breach - On November 29, 2025, Coupang disclosed that personal information of 33.7 million customer accounts had been breached, resulting in a share price decline of approximately 5.36%, from $28.16 to $26.65 [3]. - Following the resignation of the head of Coupang's South Korean unit due to the data breach, shares fell by about 3.23%, from $26.93 to $26.06 on December 10, 2025 [4]. - On December 16, 2025, Coupang filed an 8-K acknowledging the breach, revealing that a former employee may have accessed names, phone numbers, delivery addresses, and email addresses of up to 33 million customer accounts, leading to a further decline in share price [5].

Coupang’s founder Bom Kim told South Korean lawmakers he won’t attend this week’s parliamentary hearing on the country’s largest-ever data breach, blaming his busy schedule https://t.co/a6GJRWY9lW ...

Group 1 - The South Korean e-commerce company reported unauthorized access to its digital data, affecting personal information of approximately 33.7 million individuals [1]

Twin brothers who were the subjects of a Bloomberg investigation related to the breach of databases containing FOIA and other government data were charged with computer crimes this week. https://t.co/yvrFnSstCu ...

Pro Medicus Limited (ASX:PME) shares are currently down around 1% after responding to reports of a data breach.Pro Medicus provides medical imaging and communication systems software and services to hospitals, imaging centres and healthcare groups globally. In 2009 it acquired Visage Imaging and transformed it into a global provider of medical imaging solutions.Response to data breach speculationToday, Pro Medicus responded to speculation overnight about a data breach. This breach impacted its subsidiary Vi ...

Core Insights - Coupang, South Korea's leading e-commerce platform, experienced a significant stock decline following a major data breach affecting 33.7 million customer accounts [1][2][3] - The breach exposed personal information but did not include login credentials or credit card numbers, prompting an investigation by South Korean authorities [2][3] - Despite the recent pullback, Coupang's stock remains up 22% year-to-date, although it has faced challenges with profit expectations [6] Company Overview - Founded in 2010 and headquartered in Seattle, Coupang has heavily invested in same-day delivery and offers various services including payments technology, food delivery, and streaming [5] - Coupang acquired UK-based luxury goods marketplace Farfetch in January 2024, expanding its market presence [5] Stock Performance - Coupang's stock fell over 4% to 26.86, breaking below its 200-day moving average after a recent recovery [4] - The stock had previously reached a 52-week high of 34.08 in September, reflecting a more than 50% gain year-to-date [6] - The company reported stronger-than-expected revenue growth in Q3, but profits missed expectations, leading to a 6% drop in shares post-report [6] Ratings and Metrics - Coupang holds an IBD Composite Rating of 56 out of 99, indicating moderate strength compared to top growth stocks, which typically have ratings of 90 or better [7] - The stock's Relative Strength Rating has improved to 86, suggesting enhanced technical performance [9]

Market Trends & Leadership Changes - President Trump indicates a decision has been made regarding the next Federal Reserve chair [1] - Disney's "Zootopia 2" earns $156 million domestically over the 5-day Thanksgiving weekend [1] - "Zootopia 2" grosses over $550 million globally since its Wednesday debut, marking the best debut ever for an animated film [2] Data Security & Valuation - South Korea experiences its worst data breach in over a decade at e-commerce giant Kong, impacting over 33 million customers [2] - Data analytics firm Databricks is in talks to raise $5 billion at a valuation of $134 billion [2] Mergers & Acquisitions - United Health Group is reportedly selling its last South American business to a Brazilian private equity group for $1 billion [3]

Core Insights - A cyberattack on SitusAMC, a financial technology company, resulted in the theft of corporate data related to its banking customers, including accounting records and legal agreements [1][2] - The incident, which occurred on November 12, is currently under investigation, but SitusAMC has stated that the situation is contained and its systems are operational [3] - The extent of the data breach and the number of affected U.S. banking consumers remain unclear, although SitusAMC processes billions of documents related to loans annually [5][6] Company Impact - SitusAMC provides technology solutions for over a thousand commercial and real estate financiers, playing a crucial role in helping clients comply with regulatory requirements [1][5] - Major financial institutions such as JPMorgan Chase, Citigroup, and Morgan Stanley have been notified of the breach, indicating the potential widespread impact on the financial sector [4] - The FBI is aware of the breach and is committed to identifying those responsible while ensuring the security of critical infrastructure [8]

Core Insights - Salesforce detected unusual activity involving applications published by Gainsight, which may have allowed unauthorized access to customer data [1][2] - The connection between Gainsight applications and Salesforce was disabled, preventing further access until further notice [3] - Gainsight is actively investigating the issue and is in close collaboration with Salesforce to monitor the situation [5][4] Company Actions - Salesforce disabled the connection to Gainsight applications on November 20, 2023, and will continue to provide updates to customers [3] - Gainsight confirmed that it is investigating the connection failures and will keep customers informed as new information arises [4][5] Industry Context - A report from Verizon indicated that 30% of data breaches in the year ending October 31, 2024, involved third parties, a significant increase from 15% the previous year [5] - Cybersecurity experts have predicted an increase in attacks on companies' third-party suppliers this year, highlighting a growing concern in the industry [7]