Luckin Coffee to Be Delisted from NASDAQ

Luckin Coffee (LK) dug itself quite a hole. Not only did the company commit accounting fraud after scheming to produce millions of dollars in fictional revenue, Luckin Chairman Charles Lu allegedly sent an e-mail to employees, telling them to commit fraudulent acts. Now, it just announced it would no longer fight the NASDAQ’s decision to … Continue reading “Luckin Coffee to Be Delisted from NASDAQ”