“Vaping company Juul Labs Inc. has cut its valuation to about $10 billion, an admission that the company once considered a Silicon Valley darling sees even more obstacles ahead. The latest valuation was as of the end of the third quarter, and it valued the company at $67.64 per share, Chief Executive Officer K.C. Crosthwaite said Thursday in a memo. The Wall Street Journal reported the valuation earlier. Juul had been valued at $38 billion in late 2018, when Altria Group Inc. took a 35% stake. Juul has since faced a series of regulatory setbacks and a raft of lawsuits from parents, school districts and state attorneys general.”
BILL TARLING — The onslaught of lawsuits from ambulance chasing shyster lawyers representing School Districts and Attorney Generals basically want to use deceptive claims to receive free money to reward the kids and youth for breaking the law. Great lesson to teach youth: “Why study or work for a living when you can make a fortune by breaking the law — and as a bonus, we’ll all get a cut of the money too for ourselves”
ARTICLE LINK:
Juul Slashes Valuation to $10 Billion, Half Its Size in January
Store
