DraftKings shares surge 16% after Michael Jordan joins betting company as board advisor

Charlotte Hornets owner Michael Jordan responds to a question during a 2014 news conference at Time Warner Cable Arena in Charlotte, N.C.

Jeff Siner | Charlotte Observer | Tribune News Service via Getty Images

This is a developing story. Check back for updates.

Shares of DraftKings jumped 16% in premarket trading after the company said Michael Jordan is joining the betting company as a special advisor to the board of directors. 

Jordan will have an equity interest in the company as part of the deal.

“Michael Jordan is among the most important figures in sports and culture, who forever redefined the modern athlete and entrepreneur,” DraftKings CEO Jason Robins said in a press release. “The strategic counsel and business acumen Michael brings to our board is invaluable, and I am excited to have him join our team.”

Source link




China’s Covid outbreak still not at a turning point: Hospital director

Medical workers collect swab samples from residents at a community Covid-19 testing site in Qiaoxi district of Shijiazhuang, capital of north China's Hebei...

Prices and Details on Willys, 80th Anniv., High Altitude + More

Being based in large part on the rough-and-ready Wrangler, the 2020 Jeep Gladiator is extremely capable off the beaten path, and its addition was a welcome...

Apple has quietly dropped 22% from its peak, giving up $500 billion in market cap

Well, that was fast.It took just 12 trading sessions for Apple to plunge more than 20% from its all-time high, shedding over half...

The health-care rally is just beginning, two traders say

The health-care sector is getting its strength back.That's according to Quint Tatro, president of Joule Financial, who said the sector is shaking off...

The Latest: US report shows patterns of virus deaths shifted

submitted by /u/Scuba_BK Source link