Friday, November 4, 2022

"DraftKings Stock Down 20% After Earnings Call"

Darren Rovell:
That’s a number that represents a 70% drop since this time in 2021.
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The company will end the year with $1.1 billion in cash and expects to burn another $600 million in cash in 2023.
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Nothing was mentioned about the company’s NFT business.