Wall Street Breakfast Costly click for Coupang
Dec 29, 2025
Coupang announces a staggering $1 billion in compensation for victims of a major data breach, leading to its CEO's resignation. Meanwhile, China's LandSpace aims to challenge SpaceX with reusable rockets, despite setbacks. In New York, new regulations mandate mental health warning labels on social media, addressing rising concerns over user addiction. The show also touches on Ukraine peace talks and notes that silver has ascended to become the third most valuable asset globally.
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Coupang Pledges Large Customer Compensation
- Coupang will distribute vouchers worth up to 50,000 won to 33.7 million affected customers as compensation for the data breach.
- CEO resigned and the interim CEO called the breach a pivotal moment to rebuild trust with a customer-centric shift.
Chinese Startup Targets SpaceX With IPO Plan
- LandSpace, a Beijing-based private rocket startup, aims to compete with SpaceX and plans to go public to fund reusable rocket projects.
- The company admitted limits after a ZOOP-3 test failure and noted China is mobilizing capital markets to support commercial space flight.
NY Requires Non-Bypassable Mental Health Warnings
- New York passed rules requiring social media platforms with addictive features to display mental health warning labels that users cannot bypass.
- The law compares these labels to existing warnings on cigarettes, food, and alcohol as a response to a youth mental health crisis.