Coupang's Profit Plummets After Farfetch Buy

By  
Artur Stańczuk
May 12, 2024
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Summary:

Coupang, a South Korean e-commerce giant, saw its net income drop dramatically in Q1 2024, from $91M to $5M, largely due to its recent acquisition of luxury retailer Farfetch. Excluding Farfetch, net income would have been $98M.

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