DraftKings CEO Jason Robins vowed to make any seller of the company’s stock Tuesday “regret that decision more than any other decision you’ve ever made in your life,” he said on Twitter Tuesday evening.
DraftKings stock (ticker: DKNG) has been hammered in the past six months as investors focus on the company’s heavy losses. Investors are concerned about the ultimate profitability of the online sports gambling industry given the intense competition. The company is one of the two industry leaders along with FanDuel, which is controlled by Europe’s Flutter Entertainment (PDYPY).
DraftKings stock fell 67 cents Tuesday, to $17.38, near its recent 52-week low. The stock is down over 35% this year and is way below a price of $64 around Labor Day. On Wednesday, the stock got a bounce, rising 2%, to $17.73.
www.barrons.com/articles/draftkings-ceo-vows-to-make-stock-sellers-regret-their-decision-51646838842