Accounting Scandal Sends Luckin Coffee Crashing

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.

 

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