Coupang Stock JUMPS After Data Breach! Just 3,000 Customers Hacked. Why Shares Soared NOW!
Can a company's stock truly jump after a data breach? That's precisely what happened with Coupang, the South Korean e-commerce giant, as its shares soared following an internal investigation. Initial fears of a widespread compromise gripped investors, but the company revealed the breach was far less severe than anticipated. It turns out a former employee downloaded data for only about 3,000 customers out of over 33 million, and crucially, deleted the information before any significant harm. This dramatic reversal of fortune showcases how market sentiment can shift rapidly based on new information. Make sure to subscribe to our channel for more surprising market updates and analyses!
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