Coupang swings to Q2 loss on data breach fines

E-commerce giant Coupang Inc. said Wednesday it swung to a net loss in the second quarter from a year earlier due to fines related to a massive data breach. In the three months that ended in June, the US-listed company shifted to a net loss of 865 billion won ($570 million) from a net profit of 43.5 billion won in the same period last year, it said in a press release. Coupang, which generates most of its revenue from its Korean operations, has faced strong public backlash following the disclosur