A fire at one of Coupang’s fulfillment centers was mostly to blame. Even after stripping out one-off costs, though, its adjusted EBITDA margin worsened to negative 2.7%, from negative 2.2% over the same stretch in 2020.founder Jeff Bezos, is splurging on groceries and food delivery.
Investments in those two units alone accounted for almost the entire adjusted EBITDA loss. After an 8% fall on Thursday, Coupang shares are now trading below their $35 initial public offering price in March. Given the Amazon analogy, it’s a little soon to be running out of patience. Juicy Couture owner sees gold in Adidas castoff
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