NYSE:CPNGMultiline Retail
Coupang (CPNG) Is Down 13.9% After Massive Data Breach And Executive Exodus - Has The Bull Case Changed?
Coupang recently disclosed a major data breach that exposed the personal information of about 33.7 million customers, prompted executive resignations, triggered police raids on its Seoul headquarters, and left the company facing potential regulatory fines that could reach roughly US$0.77 billion under South Korea’s Personal Information Protection Act.
While the incident has intensified scrutiny of Coupang’s data security and governance, it also comes at a time when the company has been...