🔴 Coupang is trading 5.5% down today after Q2 revenue miss and surprise regulatory fine

Coupang is trading 5.5% down at $15.83 after posting weaker-than-expected second-quarter results and a surprise regulatory hit.

• The company reported $8.9 billion in revenue, missing analyst estimates, and swung to a loss of $0.32 per share.
• The net loss was primarily driven by approximately $410 million in administrative fines, reversing the profit recorded in the same period last year.
• The unexpected regulatory penalty spooked investors, leading to a sharp decline during thin after-hours trading.