That’s a lot of fake coffee

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Apr 2, 2020
9:02:26am

AtomicHamster GlowInTheDark

That’s a lot of fake coffee

Shares of China's Luckin Coffee plummet 80% after investigation finds COO fabricated sales

Luckin Coffee disclosed that an internal investigation has found that its chief operating officer fabricated 2019 sales by about 2.2 billion yuan.

https://www.cnbc.com/2020/04/02/luckin-coffee-stock-plummets-after-investigation-finds-coo-fabricated-sales.html

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AtomicHamster

Previous username: Maxxamillian
Bio page: AtomicHamster
Joined: Aug 30, 2010
Last login: Apr 26, 2024
Total posts: 4,994 (315 FO)

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Messages

Author

Time

That’s a lot of fake coffee

AtomicHamster GlowInTheDark

4/2/20 9:02am

So 75% of their revenue was fabricated and they are blaming it on the cfo

cougarfann888

4/2/20 9:05am

I wonder who their Accounting firm was...they’re going down

NOCAL_YFAN

4/2/20 9:09am

Central Committee Accounting

Lifi

4/2/20 9:17am

Communist Accounting Procedures - CAP

Lifi

4/2/20 9:16am

<< Deleted >>

Abe Froman

4/2/20 9:37am

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