Accounting Scandal Sends Luckin Coffee Crashing
Apr 2, 2020 ·
22m 6s
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Description
Luckin Coffee’s stock falls 75% after the company’s internal investigation found the COO fabricated sales numbers in 2019. Dan Kline analyzes the damage to investors and the company’s reputation. Plus,...
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Luckin Coffee’s stock falls 75% after the company’s internal investigation found the COO fabricated sales numbers in 2019. Dan Kline analyzes the damage to investors and the company’s reputation. Plus, we discuss the latest unemployment numbers, Carnival Cruise Line raising money, and AMC Entertainment (aka, largest movie theater chain in the world) hiring lawyers. We also share why we’re gearing up to watch the TV series “Six Feet Under” and “Wordplay”, a documentary about The New York Times crossword puzzle. The Motley Fool is donating $1 million to Health Research Incorporated, which is managing New York State’s COVID-19 response fund. To contribute, go to donate.fool.com.
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| Author | The Motley Fool |
| Organization | The Motley Fool |
| Website | - |
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