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Coupang swings lower on investor concerns over profitability

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Coupang headquarters in Silicon Valley

Sundry Photography/iStock Editorial via Getty Images

Coupang (NYSE:CPNG) traded lower on Wednesday after investors digested the Q1 earnings report.

The South Korean e-commerce player reported revenue was up 13% on a reported basis on Q1 and up 20% on a FX-neutral basis. Active customers were up 5% to 19.01M, while net


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