Flutter made headlines this week with their phenomenal second-quarter earnings report, causing shares to soar by 8%. The main highlight was the success of their FanDuel betting platform, which managed to capture market share and experience explosive revenue growth, even in highly competitive states with well-established sports betting and online gaming markets. DraftKings’ Controversial Surcharge
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A recent legal battle has ensued in the world of sports streaming, pitting media giants Disney, Warner Bros. Discovery, and Fox against Fubo TV. The issue at hand revolves around the launch of Venu, a sports streaming service backed by the three companies. Fubo TV, a competitor in the internet TV space, has accused Venu
SpaceX is gearing up for its next private mission, with plans to launch a groundbreaking endeavor by the end of the month. The Polaris Dawn mission is the first of three flights acquired by billionaire Jared Isaacman through SpaceX for his Polaris Program. The mission is set to take place on August 26 in Florida,
In a bold move to address consumers’ concerns about battery driving range and charging convenience, Chinese electric car brand Zeekr has unveiled its latest innovation in battery technology. The company claims that their new batteries have the fastest charge in the world, boasting an impressive 10.5-minute charge time from 10% to 80%. Zeekr’s ultra-fast charging
The revelation that Byron Allen’s broadcast stations have been consistently late in making payments to network owners sheds light on a concerning trend within his media empire. The fact that these payments have been as much as 90 days past due to major networks like ABC, CBS, and NBC is not only concerning but also
Tencent, the tech giant from China, has once again exceeded expectations in its second-quarter earnings report. The company reported a revenue of 161.12 billion Chinese yuan, beating the LSEG consensus estimate by a small margin. Profit attributable to equity holders of the company also outperformed, coming in at 47.63 billion Chinese yuan compared to the
The collaboration between Ryan Reynolds, Hugh Jackman, and Shawn Levy in the film “Deadpool & Wolverine” has proven to be a monumental success, breaking records and surpassing expectations. With a staggering $1.085 billion global box office revenue, the film has become the highest-grossing R-rated title of all time, outshining even Warner Bros.’ “Joker.” This achievement
United Auto Workers President Shawn Fain has recently intensified his criticism towards Stellantis CEO Carlos Tavares, accusing him of engaging in price gouging practices that detriment consumers. Fain also pointed out the alleged failure of Stellantis to uphold certain aspects of the union’s labor contract with the automaker. These accusations have sparked a heated debate