Entering text into the input field will update the search result below

DraftKings and DoorDash break lower after Jim Chanos discloses short positions

Dec. 02, 2021 1:07 PM ETDoorDash, Inc. (DASH), DKNGBy: Clark Schultz, SA News Editor20 Comments

stock market investment graph on financial numbers abstract background.3d illustration

monsitj/iStock via Getty Images

  • DraftKings (DKNG -0.4%) erases an earlier gain after Jim Chanos makes the claim on CNBC that the company's business model is flawed and trades with an excessive valuation.
  • DoorDash (DASH +1.3%) is getting the same

Recommended For You

Comments (20)

Have a tip? Submit confidentially to our News team. Found a factual error? Report here.

Heavy recent insider buying says this clown is wrong about DraftKings.
microhoo profile picture
By the time you see this news, Jim has already covered.
Mike Wisdom is Searching for Value profile picture
@microhoo he still holds both shorts. Monster right. One of the best short sellers in the world & people are calling him clown, in the business for 40 years & a billionaire & people say clown. He is the man
At this price, $DKNG could be bought by $DIS or one of the legacy brick and mortar casinos.
carlomiami profile picture
He is always full of it and the idiots on CNBC give him microphone just to have ratings , he is always wrong / BUY DRAFTKINGS
@carlomiami sure we'll take your word for it instead of Jim Chanos
rtj321 profile picture
Down 52% in less than 3 months. Wonder when he shorted
Accumulating shrs on any significant drops in pps of $DKNG.
I'm a long-term holder for the future rev/growth rewards yet to be realized.

@SuperNova_Vaxxed Agreed. Sports betting is barely even in its infancy. It's practically newborn. Imagine how this industry will be 20 or 30 years from now. It's going to be monstrous.
@followtheblind sports betting has been going on for generations
@followtheblind and it's never been a very profitable business plus extremely hard and competetive
Maybe the same thing will happen to DKNG that happened to his other short. He shorted TSLA at $100...LOL!
@CoronaFluInvestor Exactly!!! Hope his short position burns his britches!!
Mike Wisdom is Searching for Value profile picture
@CoronaFluInvestor dkng didnt have a musk.
The model that pretty much every major internet company used to now own their markets. Yeah def flawed
Same guy who said in 2018 -

Jim Chanos: We think Tesla is worth zero
@16253672 will never ever make up for that miss no matter what
@16253672 he might still be right :)
To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.