Bill Ackman, an Early Coupang Investor, Donates His More Than $1 Billion Stake to Charity

Hedge fund manager Bill Ackman was an early investor in e-commerce start-up Coupang, often called the Amazon of South Korea. Ackman said he's donated his entire stake in Coupang, worth more than $1 billion, to charity. Often called the Amazon of South Korea, Coupang shares Monday were up about 45%...