Flutter Changes Leaders at FanDuel
Introduction
Flutter Entertainment changed the leaders of its U.S. company, FanDuel. Amy Howe is leaving the company.
Main Body
Christian Genetski is the new leader of FanDuel. Dan Taylor is also a new leader. He will watch the work at FanDuel. Flutter says the company will make less money this year. They expect a profit of $2.87 billion. This is less than they thought before. Flutter will spend $300 million on a new project called 'FanDuel Predicts'. The company stock price went down a lot last year because people have less money to spend.
Conclusion
Flutter changed its leaders to fix problems and make the company better in the U.S.
Learning
Money Words đ¸
In this story, we see how companies talk about money. For a beginner, these three patterns are the most important:
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Make money This means to earn profit. (Example: The company will make less money this year.)
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Spend money on [something] Use money to buy a project or item. (Example: Flutter will spend $300 million on a new project.)
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Go down When a price or number becomes lower. (Example: The stock price went down last year.)
Quick Logic Check: If a company spends too much and makes too little their profit goes down.