Unbiased AI-powered news
Coupang reported a bigger-than-expected loss for the March 2026 quarter and warned of slower revenue growth for the year. The results reflect the impact of a historic cyber-intrusion on South Korea's largest online retail platform. Spending has been depressed across the platform as a result.
koreatimes.co.krCoupang issued a warning that its revenue growth will slow in 2026, following a bigger-than-expected loss in the March 2026 quarter, @business reported. The company reported the loss for the March 2026 quarter, which ended on March 31, amid ongoing effects from a historic cyber-intrusion that has depressed spending across South Korea’s biggest online retail platform.
Coupang's March 2026 quarter loss exceeded analyst expectations, highlighting the financial strain from the cyber event.
A historic cyber-intrusion occurred on Coupang, marking a significant disruption for the e-commerce giant. The cyber-intrusion is depressing spending across the platform, which serves as South Korea’s largest online retail outlet, contributing to the slowed growth outlook for 2026.
TankerTrackers data shows 36 million barrels shipped and another 36 million still at sea. Iranian officials separately reported 25 million barrels crossing the blockade line since Monday.
ForbesUFC CEO Dana White stated that negotiations for a cage fight between Elon Musk and Mark Zuckerberg were genuine and included discussions about holding the event at Rome's Colosseum. White said the venue requested an estimated $150 million, which would have gone toward restoring o…
foxnews.comGround beef prices have risen more than 20 percent since January 2025. U.S. and Mexican negotiators met June 16-17 to discuss the trade deal while President Trump warned Washington may withdraw.