CPNG - Why Coupang Stock Is Up Friday | Benzinga
Coupang, Inc. (NYSE:CPNG) shares are trading higher Friday after it was reported that the company will raise membership fees.
The Details:
Coupang will raise its membership fees by 58% beginning on Saturday for new customers, according to a report from the Korean Times. The company's membership service boasts approximately 14 million subscribers and benefits include next-day shipping, free returns, video streaming and Coupang Eats food delivery service.
“We’ll continue to surprise our customers with benefits that make Wow Membership the best service ...