A good man but a bad wizard

Joined June 2009
116 Photos and videos
22 Apr 2025
Found out the hard way that @Walmart doesn't have Tap to Pay, but forces you to use Walmart App to pay. A huge problem bc the App wouldn't accept my Visa! Left a bunch of stuff at checkout, left only with 2 sad kids who didn't get their toys. Crazy barrier to purchase!
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21 Apr 2025
Very very excited for Andor S2 (and hope @AdamSinger watches)
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Ken Berman retweeted
16 Aug 2024
FanDuel's parent company is worth $37 billion. Its founders and early employees got nothing. axios.com/2024/08/16/fanduel… $FLUT
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Ken Berman retweeted
4 years ago, I led a group of 100 former employees and founders of @fanduel in a case of breach of fiduciary duty against FanDuel’s former board members (including investors KKR and Shamrock). Three months ago, the NY Court of Appeals found in our favor. The Court concluded that board members had indeed owed a fiduciary duty to shareholders. On Friday, we lodged an expanded complaint that, for the first time, publicly details the defendants’ various breaches of these duties, as well as outlines the defendants’ fraud, conspiracy and bribery under Scots law. A very brief summary: In 2018, FanDuel merged with the US arm of Flutter Entertainment to create a new company called FanDuel Group. In exchange, FanDuel shareholders received 40% of the equity in the new company. However, the board (which was controlled by private equity investors KKR and Shamrock) used a phony valuation of $559M to wipe out common shareholders (largely the founders and employees). Less than 2 years later, those same investors sold that 40% stake in FanDuel Group for $4.2B. Standing up against the likes of KKR is not easy, but I’m determined that the team of 100 amazing people who spent years building FanDuel from the ground up will get back what was stolen from them in 2018. Link to the full complaint in the reply below.
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Ken Berman retweeted
If you found this thread interesting, I would appreciate a like and RT. If you are interested in learning more about how we evaluate these deals and operate these properties, feel free to DM me with any questions.
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22 Jul 2023
Arbitrage opportunity here
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