DraftKings Pares Ad Spending, But Will It Last?Written by: Todd Shriber

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DraftKings (NASDAQ:DKNG) stock is higher by 16.40% over the past week — a surge fueled in large part by the company lifting its 2022 revenue outlook while cutting its full-year earnings before interest, taxes, depreciation and amortization (EBITDA) estimate. Perhaps to the delight of some investors, the gaming firm also dramatically curbed marketing spending in
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