On the DraftKings side, this is a company though that while it has a lot of market share, it's still solidly unprofitable. A lot of money being spent upfront acquiring customers on an uncertain lifetime value over a long period of time. Is that enough of a reason for regular investors to just stay away from the industry? I think it's probably going to be bigger 5 and 10 years from now than it is today.
DraftKings wants to consolidate the sports betting market, but it still has a long road to profitability. (00:14) Ricky Mulvey and Nick Sciple discuss:-PayPal selling off more than $40 billion of buy now, pay later loans.
-The payment processor's capital allocation strategy. -The DraftKings bid to buy a rival operator. -Why sports betting companies have a customer stickiness problem.
Plus, (12:20) Alison Southwick and Robert Brokamp answer listener questions about 401(k)s, investing, and cash management.
Companies/tickers mentioned: PYPL, KKR, AFRM, DKNG, TQQQ
"Women Power Rule Breakers - A Sparks Conversation" event registration https://fool.zoom.us/webinar/register/WN_BbdTqNGmQXKbWOx_zlb7bw#/registration
Host: Ricky Mulvey Guests: Nick Sciple, Alison Southwick, Robert Brokamp Engineers: Tim Sparks, Rick Engdahl
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