Hedge fund Darsana Capital reportedly wrote down its investment in Juul Labs (JUUL) by more than a third.
Sources says the Darsana stake in Juul is now valued at $24B after being valued at $38B a year ago.
Altria’s (NYSE:MO) in Juul stake is estimated to have dropped about 20% since its $12.8B investment. Shares of Altria are up 0.10% premarket to $40.85.
https://seekingalpha.com/news/3503961-value-juul-labs-stakes-slashed
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