The Latest Breaking News from Coupang

The number of founder-CEOs at Fortune 500 companies has dropped since last year.

Newly-profitable Coupang, which serves customers in South Korea and Taiwan, joins the Fortune 500 list at No. 195.

 

E-commerce giant Coupang is facing accusations that its success is built on the exploitation of workers.

Someone with a lot of money to spend has taken a bullish stance on Coupang (NYSE:CPNG). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

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Over the past 3 months, 5 analysts have published their opinion on Coupang (NYSE:CPNG) stock. These analysts are typically employed by large Wall Street banks and tasked with understanding a company's business to predict how a stock will trade over the upcoming year.

Coupang's (NYSE:CPNG) short percent of float has fallen 3.17% since its last report. The company recently reported that it has 29.19 million shares sold short, which is 3.05% of all regular shares that are available for trading.

Over the past 3 months, 4 analysts have published their opinion on Coupang (NYSE:CPNG) stock. These analysts are typically employed by large Wall Street banks and tasked with understanding a company's business to predict how a stock will trade over the upcoming year.

Coupang (NYSE:CPNG) reported its Q1 earnings results on Wednesday, May 11, 2022 at 04:00 PM. Here's what investors need to know about the announcement. Earnings Coupang beat estimated earnings by 29.41%, reporting an EPS of $-0.12 versus an estimate of $-0.17.

Coupang Inc (NYSE:CPNG) reported first-quarter revenue growth of 22% year-over-year to $5.12 billion, +32% on a constant currency basis, missing the consensus of $5.25 billion. Active customers increased by 13% Y/Y, and total net revenues per Active Customer improved by 8% Y/Y to $283. The total gross profit was $1.04 billion (+42%…