Luckin Coffee Crashes 85% After Admitting "Fabricating $300 Million In Sales"
Apr 2nd 2020 9:05am EDT
Luckin Coffee Crashes 85% After Admitting “Fabricating $300 Million In Sales” Luckin Coffee says its special committee today brought to the attention of the board information indicating that COO Jian Liu and several employees engaged in certain misconduct, including fabricating certain transactions, starting 2Q last year. CNBC’s David Faber estimates the total ‘fake’ revenue was […]
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