Luckin Coffee Fraud Explained
In this video we explain the Luckin Coffee fraud. Luckin Coffee is a Chinese premium coffee chain. It IPOed on the US stock market in 2019 and reached a valuation of $9 billion at the peak. However, it turned out a large portion of their revenue was fake. They were exposed as a fraud in early 2020 and delisted from the NASDAQ. Join our free Discord Server: / discord Check out our second channel, The Economic Outlook: / @brokenbusinessmodels Music courtesy of: –––––––––––––––––––––––––––––– Buddha by Kontekst / kontekstmusic Creative Commons — Attribution-ShareAlike 3.0 Unported — CC BY-SA 3.0 Free Download / Stream: http://bit.ly/2Pe7mBN Music promoted by Audio Library • Buddha – Kontekst (No Copyright Music) –––––––––––––––––––––––––––––– #WallStreetMillenial
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