DraftKings

A Biogen facility in Cambridge, Massachusetts.Brian Snyder | ReutersCheck out the companies making the biggest moves midday:Apple — Apple shares fell 3.89% following a report that iPhone production could take a big hit due to unrest at a Foxconn factory in China, amid protests in China against the nation's zero-Covid policy. Analysts have expressed concern about recent manufacturing interruptions ahead of the holiday season too.Taboola — Shares of the advertising company surged 43.48% after Taboola announced Yahoo had…

Omar Marques | LightRocket | Getty ImagesDraftKings said Monday there is no evidence the online betting platform's systems were breached following a report that some users were hacked.An unknown number of users discovered unusual activity associated with their DraftKings account that led to withdrawals from their bank accounts, according to a report by The Action Network and social media posts. Several users described being locked out of their accounts before noticing the drawdowns.related investing newsThis crypto cold…

Customers have filed thousands of complaints against the biggest U.S. online sports-betting operators in recent years, many of which reported delays or glitches in withdrawing money, according to a review of Better Business Bureau records.About 2,400 complaints naming the big-three operators have been lodged in the U.S. in the past three years, according to the bureau. A large number of the complaints focus on dayslong or even weekslong wait times for taking out winnings. FanDuel Group, DraftKings…

Omar Marques | LightRocket | Getty ImagesShares of DraftKings closed down 28% on Friday after the sports betting company reported slower monthly customer growth in the third quarter that fell short of estimates.The company raised its revenue guidance for the year, however, after revenue for the quarter came in above Wall Street expectations. Its loss for the period wasn't as steep as expected.For the quarter ended Sept. 30, DraftKings said its monthly unique paying customers increased to 1.6 million, up about 22% from 1.3…

Omar Marques | LightRocket | Getty ImagesShares of DraftKings were down 26% Friday after the sport betting company reported slower monthly customer growth in the third quarter that fell short of estimates.The company raised its revenue guidance for the year, however, after revenue for the quarter came in above Wall Street expectations. Its loss for the period wasn't as steep as expected. For the quarter ended Sept. 30, DraftKings said its monthly unique paying customers increased to 1.6 million, up about 22% from 1.3…

Online sports-betting company DraftKings Inc. DKNG -21.54% posted higher-than-expected revenue for the start of this year’s football season and said its customer base continued to grow amid competition for gamblers. The company reported revenue of $502 million for the three-month period ended Sept. 30, more than double its revenue in the same period last year. Strong customer acquisition and retention, expansion into new states, such as…

A coalition of gambling companies led by DraftKings Inc. DKNG -13.82% and FanDuel Group is pulling back on advertising for a ballot measure to legalize online sports betting in California as polls show it is likely to lose. The online sports-betting industry’s initiative, known as Proposition 27, has drawn about $402 million in fundraising, according to campaign finance records, the most in state history. But the pro-Prop 27 campaign, which has raised $169.2 million,…

Here are the companies that are making headlines before the bell:Advanced Micro Devices (AMD) – AMD slid 5.3% in the premarket after cutting its sales forecast. The chipmaker said it is being hit by a larger than expected slump in the personal computer market.Levi Strauss (LEVI) – Levi Strauss took a 5.3% premarket hit after cutting its full-year sales and profit outlook. The apparel maker is seeing an impact from higher costs, supply chain issues and a stronger U.S. dollar.CVS Health (CVS) – CVS shares fell 5% in…

Disney has had to justify its ownership of ESPN to some investors, but apparently the massive media corporation is planning to use the brand as a vehicle for a sports betting app.Photo: TIMOTHY A. CLARY/AFP (Getty Images)Disney’s doing more than expanding its increasingly voluminous empire into all aspects of media, it’s now thinking of getting into the gambling game. Strap some beers to your Mickey Mouse ears hat and start chugging, because nothing says “Disney” like a debilitating sports gambling addiction.Bloomberg…

Sports-betting companies are revisiting their game plans.Gambling operators have been pouring hundreds of millions of dollars into the pursuit of new customers as more states have adopted online sports betting. Now, those companies are under pressure to rein in spending because they have said they plan to turn a profit sometime next year. The college football and National Football League seasons—a prime time to advertise and entice more people to gamble—will be a balancing act on the path to profitability for companies…