Luckin Coffee Stock Analysis - TRADER LOST $225,000 LIFE SAVINGS | Time to buy? LK Stock Delist

One Reddit user claims to have lost their life savings after Luckin Coffee's plummeting shares erased 224,000 euros ($252,000) from their portfolio.
The WallStreetBets forum member posted a screenshot of their 95% loss on Wednesday, adding "now I'm broke af."
Luckin Shares nosedived 80% on April 2 after announcing employees including its chief operating officer falsified 2.2 billion yuan ($310 million) in sales throughout 2019.
Shares fell further through May after a monthslong trading halt was lifted and the Nasdaq exchange issued a delisting warning.
"I didn't know they could cheat on balance sheet ... and that a company can just fail in 3 months," the Reddit trader wrote. #luckincoffee #lockincoffeestock #lkstock

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