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Boardroom scene of Coupang executives facing Q1 net loss and data breach fallout.
Imagem gerada por IA

Coupang swings to Q1 net loss amid data breach fallout

Reportado por IA Imagem gerada por IA

U.S.-listed e-commerce giant Coupang swung to a net loss in the first quarter amid fallout from a massive customer data breach in South Korea. The company posted a $266 million deficit for January-March, compared with a $114 million profit a year earlier. Founder and Chairman Bom Kim said one-time vouchers and temporary inefficiencies from weaker demand were key factors.

The U.S. Supreme Court has refused to hear Apple's appeal in its long-running legal battle with Epic Games. The decision upholds a lower court finding that Apple violated an injunction by limiting third-party payment options on iOS devices.

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The South Korean government announced on Thursday it will expand tax cuts on liquefied petroleum gas butane products from 10 percent to 25 percent starting next month through June. The measure aims to mitigate the domestic impact of international price surges due to the Middle Eastern crisis. The Fair Trade Commission plans stronger penalties for repeated collusion cases.

South Korea's Fair Trade Commission (FTC) imposed collusion-related corporate fines more than triple the total for all of 2025 in the first quarter, data showed. According to corporate tracker CEO Score, the January-March fines reached 689.1 billion won ($456 million). These accounted for 97.5 percent of total corporate fines of 707 billion won.

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A group of more than 20 states and Washington D.C. will continue the antitrust trial against Live Nation following the U.S. Department of Justice's settlement with the company. The trial resumes on March 16 with the same jury after states withdrew their mistrial motion. Attorneys general expressed dissatisfaction with the settlement terms, viewing them as insufficient to address monopoly concerns.

Live Nation's head of corporate and regulatory affairs, Dan Wall, has publicly called for the Department of Justice to settle its antitrust case against the company without requiring the sale of Ticketmaster. In a blog post, Wall argues that recent court rulings weaken the government's position for a breakup. The case heads to trial next month amid ongoing negotiations.

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The Department of Justice has removed Gail Slater from her position as head of the antitrust division, where she was overseeing the review of Netflix's acquisition of Warner Bros. Slater, who served for 11 months, expressed sadness in her departure statement. The move has drawn criticism from Senator Elizabeth Warren, who described it as appearing corrupt.

 

 

 

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