Why DraftKings Stock Dropped Today

CEO Jason Robins intends to compete and win in the rapidly expanding prediction market industry, but investors aren't so sure.Shares of DraftKings (DKNG 13.73%) tumbled on Friday after the digital sports entertainment and gaming leader issued a tepid growth forecast.By the close of trading, DraftKings' stock price was down more than 13%. Profitability is improvingDraftKings' fourth-quarter revenue surged 43% year over year to $2 billion. The company's mobile sports betting operations are now live in 26 stat ...