Why You Should Wait Before Adding Coupang Stock to Your Portfolio
Don't waste your time looking for the next Amazon (NASDAQ: AMZN). There's only one Amazon, but chances are its days of gargantuan growth were years ago.
Nevertheless, there's always another company touted as a contender for the throne. The current favorite of some investors appears to be Coupang (NYSE: CPNG), a South Korean-born company that moved to Seattle in 2022.
Much of the comparison springs from the similarities between the two companies' business models. For example, like Amazon, Coupang stresses fast, reliable customer service from its warehouses to your doorstep. According to the company, it has enough fulfillment centers positioned throughout South Korea so that there's at least one within seven miles of 70% of the country's population.
Source Fool.com
