SharpLink (SBET) Slashes 5.7% on New co-CEO Appointment

We recently published These 10 Stocks Have Collapsed. SharpLink Gaming, Inc. (NASDAQ:SBET) is one of the worst-performing stocks on Friday.

SharpLink Gaming extended its losing streak to a third consecutive day on Friday, shedding 5.7 percent to close at $21.99 apiece as investors turned cautious while in a wait-and-see mode following the appointment of a BlackRock executive as the company’s co-CEO.

In a statement, SharpLink Gaming, Inc. (NASDAQ:SBET) welcomed Joseph Chalom as its new co-CEO effective on Thursday, July 24.

Chalom boasts of 20 years of experience in digital finance innovations at BlackRock, including the launch of the iShares Ethereum Trust (ETHA), the largest Ethereum exchange-traded product with over $10 billion in current assets.

Rob Phythian, SharpLink Gaming, Inc.’s (NASDAQ:SBET) current CEO, will transition to the role of president over the next quarter and remain a board member.

The drop in shares of SharpLink Gaming, Inc. (NASDAQ:SBET) may have been influenced by a cautious market sentiment until the company elaborates on its plans following the appointment.

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