What happened Shares of Netflix (NASDAQ: NFLX), Peloton (NASDAQ: PTON), and DraftKings (NASDAQ: DKNG) were all sinking Tuesday, down 4.6%, 6.8%, and 4.5%, respectively, as of 1:14 p.m. With COVID-19 receding as a crisis-level threat, and inelastic expenditures such as housing, gas, and food prices on the rise, investors may be concerned that the U.S. consumer could pull back on discretionary spending. Unfortunately for DraftKings shareholders, that company still projects a 2022 loss of nearly $1 billion in adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) as it navigates the hyper-competitive online gambling niche.