Investors should monitor Coupang's challenges and expansion before considering adding it to their portfolio.

From Nasdaq: 2024-07-08 09:01:00

Investors shouldn’t expect to find the next Amazon just yet. However, many are eyeing Coupang as a possible contender. The South Korean company, based in Seattle, has seen significant growth with first-quarter net revenue hitting $7.1 billion, up 23% year-over-year. Despite its success, Coupang faces challenges to expand abroad and turn its recent acquisition of Farfetch profitable. As an investor, it might be wise to monitor Coupang’s international expansion and how it handles its recent acquisitions before considering investing in the company.



Read more at Nasdaq: Why You Should Wait Before Adding Coupang Stock to Your Portfolio