- DraftKings (NASDAQ:DKNG) pops after the company announces that Michael Jordan joined the company as a special advisor to the board.
- Jordan will also take an equity interest in DraftKings in exchange for providing guidance and strategic advice to the board of directors on key business initiatives undertaken by the company.
- Jordan's status as special advisor to DraftKings’ board of directors is effective immediately. "The strategic counsel and business acumen Michael brings to our board is invaluable, and I am excited to have him join our team," says DraftKings CEO Jason Robins.
- Shares of DraftKings are up 13.46% premarket to $41.90 on volume of over 1M.
- Dig into DraftKings' financials