DraftKings ($DKNG) and Upstart ($UPST) release updated risk factors

Here's a link to the new DraftKings risk factors section, w/ new additions highlighted.

Some notable additions:

• “We conduct business in numerous countries that carry high levels of currency, political, compliance and economic risk, including in Ukraine”
• “With the completion of the migration onto the SBT technology, any significant disruption of, or interference with, our technology would negatively impact our operations and our business could be seriously harmed.”
• “The conditional conversion features of the Convertible Notes, if triggered, may adversely affect our financial condition and operating results.”

Here's a link to the new UpStart risk factors section, w/ new additions highlighted.

Some notable additions:

• “In response to the COVID-19 pandemic, the federal government quickly implemented stimulus measures. The subsequent discontinuation of those stimulus measures has increased, and may continue to increase, the delinquency rate of borrowers of Upstart-powered loans.”
• “Misconduct and errors by our employees, former employees, vendors, or service providers could harm our reputation and subject us to significant legal liability.“
• “A significant amount of our loan originations was derived from traffic from one of our partners, Credit Karma”