Accounting Scandal Sends Luckin Coffee Crashing

Published: April 2, 2020, 9:07 p.m.

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Luckin Coffee\\u2019s stock falls 75% after the company\\u2019s internal investigation found the COO fabricated sales numbers in 2019. Dan Kline analyzes the damage to investors and the company\\u2019s 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\\u2019re gearing up to watch the TV series \\u201cSix Feet Under\\u201d and \\u201cWordplay\\u201d, a documentary about The New York Times crossword puzzle.

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The Motley Fool is donating $1 million to Health Research Incorporated, which is managing New York State\\u2019s COVID-19 response fund. To contribute, go to\\xa0donate.fool.com.

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