Are the Short-Sellers Right About DraftKings?
DraftKings (NASDAQ: DKNG) may be one of the most successful stocks that have gone public via the special purpose acquisition company (SPAC) route, but a short-seller thinks the sportsbook has a seedy underbelly rife with black-market gaming, money laundering, and organized crime.
While DraftKings says the scathing report is simply meant to drive the stock price lower to justify a big bet against the company, should investors worry the short-sellers are right?
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Source Fool.com
