Coupang, the South Korean e-commerce site backed by SoftBank, booked a loss of nearly $520 million in the quarter ended in June, the Financial Times reported. Shares of the company are down more than 30% since its initial public offering in March, and the decline threatens to erase some of the gains SoftBank reaped from Coupang’s IPO. The newspaper said Coupang reported a loss after a fire...
Get access to exclusive coverage
Read deeply reported stories from the largest newsroom in tech.
Latest Articles
markets
Musk Puts $20 Billion Value on Twitter
Elon Musk offered Twitter employees stock grants at a valuation of roughly $20 billion, said a person familiar with an email Musk sent to staff, less than half what he paid to buy the company. It was a concrete acknowledgment of how much Twitter’s value has dropped since the deal—but it is still well above public market valuation levels for Twitter’s rivals.
Latest Briefs
Apple Insiders Debate Prospects for Mixed Reality Headsets
Twitter Valued at $20 Billion in New Employee Stock Grant
Amazon Starts Latest Round of 9,000 Layoffs
Stay in the know
Receive a summary of the day's top tech news—distilled into one email.
Access on the go
View stories on our mobile app and tune into our weekly podcast.
Join live video Q&A’s
Deep-dive into topics like startups and autonomous vehicles with our top reporters and other executives.
Enjoy a clutter-free experience
Read without any banner ads.
Recent Popular Stories
Exclusive
startups
electric vehicles
SpaceX Plans New Funding With Backing From Saudi, UAE Investors
