🔴 Coupang is trading 4.3% down today after Q2 earnings miss and a $410 million regulatory fine

Coupang is trading at $16.07 (4.3% down) after reporting weaker-than-expected Q2 results and a significant regulatory fine that swung the company from a profit to a sizable loss.

• The company reported a $570 million net loss for the quarter, heavily impacted by $410 million in administrative fines and a slowdown to 4% revenue growth.
• Shares are under pressure as investors weigh the financial hit against management’s reaffirmed long-term margin targets and Farfetch integration plans.