CPNG - What Does 2023 Have in Store for This Leading E-Commerce Stock?
The past year wasn't short of misery for e-commerce stocks. Thanks to rising inflation and fears of a recession across the United States and parts of Europe, e-commerce companies went from seeing record-high demand in 2021 to a slowdown in 2022. This took many stock prices down with it. In 2022:
This bearish sentiment affected companies outside of the U.S. and Europe, too. South Korean e-commerce stock Coupang (NYSE: CPNG) also saw its shares slump 50% last year.
Some e-commerce companies are bracing for another challenging year, but will Coupang face similar struggles?
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What Does 2023 Have in Store for This Leading E-Commerce Stock?