DraftKings CEO reportedly puzzled by stock’s reaction to bad prediction-market news
CNBC reports that Wall Street sees DraftKings’ positive stock reaction to bad prediction-market news as rational, even as the company’s CEO struggles to explain it.
TLDR
DraftKings’ CEO doesn’t know why the company’s stock reacts positively to bad prediction-market news, CNBC reports. Analysts and investors, however, consider the response reasonable, according to the outlet.
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