(Bloomberg) — Muddy Waters Capital’s CEO Carson Block finally bested fellow short seller Andrew Left of Citron Research when Luckin Coffee Inc. disclosed Thursday that its board is investigating reports that senior executives and employees fabricated transactions — sending its stock plunging. In late January, Block and Left engaged in a heated battle on Twitter over the Chinese coffee shop chain.Luckin shares collapsed as much as 81%, the most intraday since its IPO last May.Back on Jan. 31, Block tweeted that it had a short on Luckin after receiving what it called a “credible,” unattributed 89-page report that alleged accounting …read more
Source:: Yahoo Finance
