Coupang Ups Profits After Boosting Fees & Reducing Costs

Increased monthly membership fees and improved operational efficiency have led Coupang to raise its earnings forecast for the year and reduce its losses. Bloomberg reported that the South Korean e-commerce giant expects to make a profit before interest, tax, depreciation, and amortization, versus an earlier projection for a $400 million loss. Second-quarter operating losses for [...] The post Coupang Ups Profits After Boosting Fees & Reducing Costs appeared first on ETF Trends .