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Top Juul investor Altria has seen $30 billion — almost a third of its market value — erased since the FDA launched a vaping investigation in April

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Altria paid $12.8 billion for a major stake in Juul Labs in December, making it a top investor in the vaping startup.

Top Juul Labs investor Altria has lost $31 billion in market value since April, when the Food and Drug Administration launched a new investigation into vaping. Altria bought a $12.8 billion stake in Juul back in December. A litany of setbacks have weighed on Juul and Altria since, including a growing number of illnesses and deaths related to vaping and e-cigarette use. Watch Altria trade live on Markets Insider.

Top Juul Labs investor Altria has lost $31 billion in market value since April, when the Food and Drug Administration launched a new investigation into vaping. Altria bought a $12.8 billion stake in Juul back in December. A litany of setbacks have weighed on Juul and Altria since, including a growing number of illnesses and deaths related to vaping and e-cigarette use. Watch Altria trade live on Markets Insider.

 

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Don't understand the vapers. With the cigarettes you at least know what fumes you breath in. With the vapes, what sort of rubbish passes into your body, noone knows. Disastrous

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