It was once valued at $12.7B. Now Luckin Coffee isn’t even a unicorn
1–5 of 5 posts
Re: It was once valued at $12.7B. Now Luckin Coffee isn’t even a unicorn
#2Yeah, that’s what happens when you fraudulently account sales.
Re: It was once valued at $12.7B. Now Luckin Coffee isn’t even a unicorn
#3How did they get listed in the first place in the US if they don't have to comply with regulators / laws?
Re: It was once valued at $12.7B. Now Luckin Coffee isn’t even a unicorn
#4How did they get listed in the first place in the US if they don't have to comply with regulators / laws?
None of them do - they want the benefits of being listed on a US exchange with none of the accountability.
Most foreign companies from developing nations are mom and pop operations (there's no professional management class outside the CCP in China, and India is similar), one of the biggest examples being Huawei.
Re: It was once valued at $12.7B. Now Luckin Coffee isn’t even a unicorn
#5Quant Traders everywhere:
- Lets use data to calculate the real value of the stock!
All the anti-fraud units everywhere: - But the data is bogus and manipulatable.
Quant Traders: - Then AI! Woho, here comes the money train!