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 💸

In this story, we see how companies talk about money. For a beginner, these three patterns are the most important:

  • Make money →\rightarrow This means to earn profit. (Example: The company will make less money this year.)

  • Spend money on [something] →\rightarrow Use money to buy a project or item. (Example: Flutter will spend $300 million on a new project.)

  • Go down →\rightarrow 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 →\rightarrow their profit goes down.

Vocabulary Learning

company (n.)
A business organization that sells goods or services.
Example:I work at a company that makes toys.
leader (n.)
A person who leads or directs a group.
Example:The new leader will guide the team.
new (adj.)
Not old; recently made or started.
Example:She bought a new car.
watch (v.)
To look at something carefully.
Example:He will watch the work at the factory.
work (n.)
The tasks or duties that someone does.
Example:Her work is very important.
make (v.)
To create or produce something.
Example:The company will make less money this year.
less (adj.)
Smaller in amount or degree.
Example:He has less money than before.
money (n.)
Currency used for buying goods or services.
Example:She saved a lot of money.
profit (n.)
The amount of money earned after expenses.
Example:The company expects a profit of $2.87 billion.
project (n.)
A planned piece of work to be completed.
Example:They started a new project.
stock (n.)
Ownership shares in a company.
Example:The stock price went down.
price (n.)
The amount of money needed to buy something.
Example:The price of the item is high.
people (n.)
Human beings in general.
Example:People have less money to spend.
spend (v.)
To use money to buy goods or services.
Example:She will spend her savings on a trip.
fix (v.)
To repair or correct something.
Example:They will fix the problems quickly.
problem (n.)
A difficult or unpleasant situation.
Example:There is a big problem with the system.
better (adj.)
In a higher or improved state.
Example:The company is better after the changes.