![]() Additionally, in September it agreed to acquire online bookmaker William Hill for $3.7 billion. It recently bought a stake in Superdraft, a fantasy sports online platform. casino firms and, although it may be a little late to the game, it’s starting to invest heavily in online gaming. Tesla’s stock price headed for the stratosphere over the last several years while GM and its legacy peers were simply ignored until recently as they finally began to invest billions in meme-worthy new economy ventures.Īnother sector where you can see this dichotomy is by contrasting Caesar’s Entertainment (ticker: CZR) and Draft Kings (ticker: DKNG) in the gambling space.Ĭaesar’s is one of the largest U.S. In sharp contrast with meme stocks are companies with long operating histories but mostly tied to the old economy. ![]()
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