Skillz has fallen all the way to $9 after initially soaring to $46 on hype surrounding fast growth. The company hasn't proven that high spending on marketing leads to better long-term economics. The stock has a more appealing valuation of $4 billion, but Skillz remains a falling knife to avoid for now. Looking for more investing ideas like this one? Get them exclusively at Out Fox The Street. Learn More » As with a lot of the original hot SPACs, Skillz ( SKLZ ) came out of the gate red hot based on massive revenue growth projections. Unfortunately, the market didn't fully research the factors driving those high growth rates. My investment thesis is far more Neutral on the stock now, but my view needs the company to improve user numbers before turning fully Bullish. Read the full article at Seeking Alpha. Disclosure: No position mentioned. Please review the disclaimer page for more details. Update - Nov. 3 Skillz reports after the close with the stock jumping into ear
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