Skillz: Costing Too Much To Acquire Customers
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Update - August 1
As investors were warned many times, Skillz was far over valued above at just $15. The gaming company spent far too much money on UA for the lack of MAU growth in the last quarter. The stock is now testing previous lows around $13, though Skillz remains a highly expensive stock.
The company reports after the close on August 3 and needs a good report to turn around sentiment. The key focus is user growth and related UA spending.