Diamond Eagle News Today

Money-losing stocks like DraftKings haven’t done well in 2021. It’s down more than 50% from its 2021 highs. Does that make DKNG stock a buy?  

In late 2019, Boston, Massachusetts-based DraftKings publicly announced their intentions to become a publicly-traded company. The online gambling and gaming firm had experienced several years of growth and, following a Supreme Court ruling that lifted a previous ban on sports betting, had its eyes on capitalizing its good fortune. Rather than raising capital through an initial public offering (IPO), the company opted to enter into a deal with Diamond Eagle Acquisition Corp., a shell company tha...

Betting on ‘blank check’ companies Thimble Point joins growing ranks of so-called SPACs that go public despite owning nothing By Scott Kirsner Globe Correspondent,Updated February 18, 2021, 3:38 p.m. Email to a Friend The Nasdaq exchange has a presence in New Yorks Times Square via its digital billboard.HIROKO MASUIKE/New York Times These are strange days for the stock market. You can take a company public without actually having a business, customers, or revenue. And if you’re ...

February 4, 2021 A civil war was tearing the country of Sri Lanka apart. More than 40,000 civilians were killed, and many more fled the country as refugees. One of those refugees was six-year-old Chamath Palihapitiya. Palihapitiya and his family moved to Canada and tried to assimilate into their new country. It was tough for his father to find consistent work and his mother worked long shifts as a housekeeper. Money was scarce. Growing up, Palihapitiya worked part-time to help his family while ...

Investing in DraftKings means you don’t have to care who wins a game. People are definitely going to bet and DKNG stock will get its cut.

Dec 31, 2020 at 7:40AM This past year has been a good one for many stocks despite the pandemic. Some businesses benefited from people staying at home, while it became evident that others were made for a digital and cloud-based world. Heading into 2021, some of the trends from this past year will likely continue while other opportunities will also emerge -- whether its a result of a return to normalcy in peoples day-to-day lives or the marijuana industry opening up to bus...