| 5:28:43 PM - Thu, Jun 17th 2021 |
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Shares of sports betting firm DraftKings fell ทดลองเล่นสล็อตxoฟรี Tuesday after Hindenburg Research announced it had taken a short position against the stock.Shares, one of the best performing stocks on Wall Street since going public through a merger with a special purpose firm last year, closed down 4.2 percent at $48.51 on Tuesday.
In the report, Hindenburg compares DraftKings' valuation with its competitors. and raised questions about the company's promotional costs and its future potential in a highly competitive sports betting landscape.The report also claims that SBTech, the European technology company that merged with DraftKings as part of the SPAC deal, generated a lot of revenue from questionable gambling practices in international markets. especially in some Asian markets.
DraftKings said in a statement it was comfortable with SBTech's business history.This report was written by someone who lacks DraftKings shares with an incentive to lower their share price,” DraftKings said. “Our integration with SBTech is complete in 2020. We have thoroughly reviewed our business practices. And we are comfortable with this discovery. We do not comment on speculation or allegations of former SBTech employees.
Hindenburg is a relatively new short selling company. which has made several calls against SPAC in the past year.The company took brief positions with clean-energy car startups Nikola and Lordstown Motors, which has been hit by executive turnover and slumping stock prices since the Hindenburg report.Hindenburg also published a negative report on Clover Health in February. but did not get the position Stocks have fallen in the months following the move. but rebounded in early June. Amid growing interest from retailers on Reddit
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