What Caused The DoubleDown (DDI) Stock To Rise 71% In Pre-Hours Session?

Shares of DoubleDown Interactive Co. Ltd. (DDI) have soared 71.15% to $14.00 in Wednesday’s premarket session as the top gaming firm prepares to take part in a significant event. DDI delivers unique player experiences across a number of genres.

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Where will DDI be taking part?

In an announcement, DoubleDown (DDI) indicated that it will attend the 25th Annual Needham Growth Conference. The Lotte New York Palace in New York City will play host to the 25th Annual Needham Growth Conference on January 10–12, 2023. During the whole conference, DoubleDown management will personally hold one-on-one sessions with investors. The DDI presentation is planned for January 10, 2023, at 4:30 Eastern time.

DDI held a shareholder meeting

The extraordinary general meeting of shareholders (the “EGM”) was held by DDI on December 28, 2022, in Seoul, Korea, as it had previously stated. At the AGM, the shareholders whose shares were on record as of December 5, 2022, accepted the board of directors of the Company’s initial proposal to reduce DDI’s capital reserve by KRW 330 billion in accordance with Article 461-2 of the Korean Commercial Code.

DDI remained part of a charity campaign

In an effort to fight elder hunger and loneliness over the Christmas season, DDI recently gave $10,000 to Meals on Wheels America, the national leadership group supporting community-based programs across the U.S. As it initially collaborated with the national organization at the peak of the pandemic in 2020, DDI enthusiastically supported the vital job Meals on Wheels does in communities all over the United States, which earned resounding support from its players. DDI saw that it could give a purpose that appeals to both its gamers and its staff since it is a corporation dedicated to giving back to the community.

How did DDI make it happen?

DoubleDown (DDI) has asked players to take part in a play-to-enter giveaway in its well-liked social casino game, DoubleDown Casino, in order to raise support for its gift and to publicize the work Meals on Wheels America conducted during the year. A chance to win 100,000,000 chips the next day was offered to DDI players who spun the featured slot 15 times on November 21, 2022, to participate in the Season of Giving event.