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08.10.26 - 20:50
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DraftKings Is Down 19% in a Month: Did Bank of America Just Call the Bottom? (24/7 Wall St.)
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A Bank of America (NYSE:BAC) analyst who kept the firm on the sidelines for a year has turned bullish, arguing that Wall Street estimates for DraftKings (NASDAQ:DKNG) are bottoming. That call arrives after a hard month for U.S. online sportsbook stocks. DraftKings stock is at $19.53 as the upgrade circulates through a beaten-down group. Over […]...
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30.09.26 - 20:36
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“We Are In an Era of Warped Entrepreneurship,” Says Makunda (Bloomberg)
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A New York Times investigation found that DraftKings Inc. built a machine-learning model that scored customers by how much they would lose for each free bet or bonus they received. The model raised concerns that the company was targeting problem gamblers, with a data analyst saying "the best investment would be a problem gambler" due to financial logic. Bloomberg News Opinion Contributor and Lecturer at Yale School of Management, Gautam Mukunda argues regulations against predatory capitalism could protect good companies and steer entrepreneurs' talents in socially beneficial directions. (Source: Bloomberg)...
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