• DraftKings taps Michael Jordan as special board adviser, stock jumps

    DraftKings taps Michael Jordan as special board adviser, stock jumps

    DraftKings has drafted basketball superstar Michael Jordan as a special adviser to its board of directors — a move investors deemed a slam dunk. The NBA Hall of Famer will take an equity stake in the online sports-betting firm in exchange for his guidance and advice on “key business initiatives,” such as product development, marketing …
  • DraftKings reports steeper-than-expected loss amid sports shutdown

    DraftKings reports steeper-than-expected loss amid sports shutdown

    DraftKings reported a steeper-than-expected loss as live sports events were canceled worldwide, but played down concerns that the coronavirus crisis will cripple its betting business in the longer term. In its first earnings report as a public company, the online sports-betting behemoth — which went public last month via a blank-check company merger — reported …
  • DraftKings shares surge as company goes public despite sports shutdown

    DraftKings shares surge as company goes public despite sports shutdown

    DraftKings threw a Hail Mary of an IPO and scored a touchdown. The fantasy sports firm’s stock price surged on its first day of trading Friday even though the coronavirus pandemic has forced sports leagues to take an extended time out. DraftKings shares spiked as much as 18.3 percent a day after the company closed …