Macro Finance
DraftKings Plunges 29% After Slashing Profit Projection
Bloomberg Markets·November 5, 2026·1 min read
DraftKings Inc. shares fell as much as 29% on Friday after the company sharply reduced its profit forecast due to continued investment in its prediction-market product. The significant drop reflects investor concerns over the company's near-term profitability as it prioritizes growth in new markets.
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