Luckin Coffee’s board is forcing out its chairman (also, chairman is forcing out the rest of the board)

Honestly, at this point, it’s impossible to say what comes next. What I can state is that Luckin is currently trading down 54% at close this Friday, and is worth barely a few hundred million dollars– down from its peak market cap of over $12 billion.

Truthfully, at this point, it’s difficult to say what comes next. What I can say is that Luckin is presently trading down 54% at close this Friday, and is worth barely a couple of hundred million dollars– down from its peak market cap of over $12 billion.

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