5min chapter

Wall Street Unplugged - What's Really Moving These Markets cover image

If you're bullish, you're crazy

Wall Street Unplugged - What's Really Moving These Markets

CHAPTER

DraftKings Shares Increased by 22% Since IPO

The DraftKings share count has increased by 22% since it's IPO. The company could have a $100 million market cap today, but if they double their share count by buying companies or whatever,. They get warrants to get exercise and increase that stock. That's dilution. It's not the worst thing if you're using your stock to buy assets that you believe are going to be worth a lot, lot more.

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