'Meta Testing New Prediction-Market App With Employees'- WSJ
https://www.wsj.com/tech/meta-testing-new-prediction-market-app-with-employees-bf7bacb2
Last updated: 2026-11-14 16:46:40. Prices reflect the latest closing data and will resume updating on the next trading day. Stock price data is sourced from Massive.
DraftKings Inc. (DKNG) operates in the SERVICES-MISCELLANEOUS AMUSEMENT & RECREATION sector and is listed on NASDAQ. The stock is currently priced at $18.89, with a market capitalization of $9.53B and a P/E ratio of --. Over the past 52 weeks, its price has ranged from $16.55 to $36.98. This page covers its latest market performance, valuation, price trends and company information.
$9.53B | |
$19.31 | |
$19.35 | |
$18.72 | |
$19.12 | |
10.57M | |
14.28M | |
-- | |
$36.98 | |
$16.55 | |
-- | |
12-31 |
DraftKings Inc. (DKNG) last closed at $18.89 as of 2026-11-14 00:59:00, down 1.15% ($0.22) from the previous close of $19.12.
During the latest regular trading session, DKNG traded between $18.72 and $19.35, with a volume of 10.57M shares. The closing price was near the lower end and near the lower end of its 52-week range.
Over the past seven days, DraftKings Inc. (DKNG) moved from $23.52 to $18.89, representing a decline of 19.67% ($4.63).
The stock traded between $16.55 and $23.69 during the period. The latest price is near the lower end of the 7-day range, indicating strong downward.
The average daily volume was 28.76 million shares, up versus the previous seven-day period, indicating higher trading activity.
Position in Range: 11.5%
DKNG is currently trading at $18.89, placing it 11.5% of the way from its 52-week low of $16.55 to its 52-week high of $36.98. This percentage reflects the stock's relative position within its 52-week trading range, not its valuation or future performance.
DraftKings got its start in 2012 as an innovator in daily fantasy sports. Then, following a Supreme Court ruling in 2018 that allowed states to legalize online sports wagering, the company expanded into online sports and casino gambling, where it generally holds the number-two or -three revenue share position across states where it competes. With its predictive market launch in 2025, DraftKings is now live with online or retail sports betting in most all states and i-gaming in five states, with both products available to about 50% of Canada's population. In 2025, sports sales were 63% of total revenue, i-gaming 30%, and fantasy and lottery 7%.
| Industry | SERVICES-MISCELLANEOUS AMUSEMENT & RECREATION |
| Employees | 5,500 |
| CEO | Jason D. Robins |
| Founded | 2011 |
| Exchange | NASDAQ |
| Company Website |
Latest news related to DraftKings Inc. and DKNG stock.
https://www.wsj.com/tech/meta-testing-new-prediction-market-app-with-employees-bf7bacb2
DraftKings is investing heavily in its Predictions business in 2026 with negative adjusted EBITDA of $650M-$700M, projecting $650M-$750M in revenues for 2027. The company expects its 2026 customer cohort to generate $350M in gross profit in 2027 and narrow Predictions EBITDA losses to $250M-$350M. However, DKNG stock has underperformed peers, declining 22.8% in three months, and the company lowered full-year 2026 adjusted EBITDA guidance significantly due to increased Predictions spending and regulatory uncertainties.
Jim Cramer favors Origin Bancorp and Palantir, calls Alibaba the only Chinese stock he'd buy, views copper as speculative, and rejects gambling stocks.
Eligible investors can buy real shares of DraftKings Inc. (DKNG) through MEXC RealStocks. Follow these three steps to open a RealStocks account, transfer USDT, and place a US stock order.
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Estimate the value between DKNG shares and USD.
DKNG Shares to USD
1.00 DKNG shares = 18.894 USD
Calculations are estimates based on the latest available price and are for reference only.