Coupang (CPNG), a South Korean e-commerce firm, could have trouble ahead. Competition is heating up after a major data breach it experienced.
Coupang lost customers after facing a data breach last year. Customers do not trust the firm after hackers obtained data on around 34 million users. It exposed user names, shipping addresses, and phone numbers. Fortunately, the firm did not expose payment details.
Coupang reports results today.
Paramount Skydance (PSKY) is vying to outbid Netflix (NFLX). It wants to buy Warner Bros. Discovery (WBD). The firm posted a 12-cent loss per share on a non-GAAP measure. On its financial statements, it reported a $500 million loss. The results suggest that after acquiring WBD, financial strain could weigh on its future performance.
C3.ai (AI) embraced the “AI” catch phrase in its ticker symbol. However, the third-quarter loss of $0.40 (non-GAAP) is troubling. Revenue fell by 46.1% Y/Y to $53.26 million. It is forecasting a non-GAAP loss from operations of up to $64 million.
C3 will lose up to $227.5 million in 2026.
In Thursday morning stock trading, watch WBD stock after the firm posts results. Viatris (VTRS), Baidu (BIDU), and D-Wave Quantum (QBTS) should also move after their quarterly report.
