They declared bankruptcy. I hold a little of their stock, bought in at like $4. Its down big, but still over $8. Shouldn't I be shorting the shiat out of this on the theory that is very likely going to zero?
“This filing does not mean Luckin will close down,” said Jason Yu, managing director at Kantar Worldpanel Greater China. “It can use the filing to abandon debt, close some unprofitable operations and focus on its core business.”