Rode Luckin Coffee all the way down
3 years ago •reported by user-chvn4334
Source: www.reddit.com
Luckin Coffee is a Chinese coffee chain founded in Beijing in 2017. In April 2020, the company revealed it had inflated its 2019 sales revenue by up to $310 million US dollars. This led to a crash in the stock price. Many investors suffered financial losses, and there now several related lawsuits.
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