Stock fraud
$DraftKings(DKNG.US$ $Faraday Future Intelligent Electric Inc.(FFIE.US$ Theyre losing money faster than ever. just selling stock to investors. dkng is only 400 million in revenues. and losing billions. faraday cant build a car in 10 years. move production from california to korea to china. only 400 orders cannot save a company losing billions every year.
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C Wei : How do you know so well.![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
71369254 : Don't jump to conclusions. Will it be awkward when the car comes out in two months?
Advancedlong OP 71369254 : Ok. Then what? Can a company burning 100 million per month sell more than 400 cars?
MonkeyGee : don't know where you getting these numbers from. you are off by a few billion
MonkeyGee : $DraftKings(DKNG.US)$
I noticed in the latest analysis coverage report Goldman suspended coverage on DKNG. Might be two reasons for that. 1. DKNG not longer investable. 2. Goldman has a conflict of interest like working on a buyout or takeover! What do you think?
Big News !!!!
Advancedlong OP MonkeyGee : People dont realize how expensive this is. 11 billion for a gambling app making only 400 million per qtr in sales. For growth comparison. I love clover health. Theyre 1b with 900m in sales. Math skills in low supply. Big lots does 7 billion in sales and its 600m market cap.
MonkeyGee Advancedlong OP : it's more than 400m, it 1.4B. it's how you read the financial. its expensive but once there is full acceptance the gambling amount grows. your first bet is usually small but than it escalates. for example my first bet in 2022 superbowl was like $20. but I'm comfortable to bet $100 in the next superbowl. and I can say the same for many people. how many millions watch the superbowl? and remember in the old days almost everyone has an office bet going on. now alot of that will end up with companies like DraftKings. The only reason DKNg not making money is due to ad cost but that is a variable cost. if they eliminate ads I would say 60% of the users would stay on the platforms. all that is directly ends up in the bottom line. if you ask anyone to name a sports betting app 90% would know DKNG. I don't know who really knows PENN and where PENN IS getting their money from. but that the gambling world.
Advancedlong OP MonkeyGee : Every casino can make an app. Losing -1.5 billion is a joke.