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Coupang Stock Slides After E-Commerce Company Reveals Data Breach
Investors· 2025-12-01 17:49
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]