SKLZ Stock: 6 Takeaways From Skillz CEO’s Open Letter Today

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SKLZ Stock: 6 Takeaways From Skillz CEO’s Open Letter Today

investorplace2021-04-09

Today, the meme stock trade appears to be losing some steam. Investors in companies with heavy retail investor interest are down. Accordingly, investors in Skillz(NYSE:SKLZ) and SKLZ stock may not be ...

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ctanya
·2021-04-21
Why did it keep crashing? No clear answers $Skillz Inc(SKLZ)$(I don't have a position on this)
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- Lynny:
  Short sellers?
  2021-04-22
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Slowdownpok
·2021-04-18
Good company but yet to become great company. It is required right strategy to execute to become great company!
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Hb_
·2021-04-09
This is a good stock to hold
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Kel26
·2021-04-09
Good to hold some for now
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manoj10
·2021-04-09
nhjk
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The Knight
·2021-04-09
It’s a long wait and big gamble indeed. The stockhas been smashed over the past weeks even withthe recent share issue price of $24.80.
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- Werkohderkoh:
  ??
  2021-04-10
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Investors in companies with heavy retail investor interest are down. Accordingly, investors in Skillz(NYSE:SKLZ) and SKLZ stock may not be ...</p>\n\n<a href=\"https://investorplace.com/2021/04/sklz-stock-6-takeaways-from-skillz-ceos-open-letter-today/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SKLZ","symbol_name":"Skillz Inc","start_time":0,"source_url":"https://investorplace.com/2021/04/sklz-stock-6-takeaways-from-skillz-ceos-open-letter-today/","article_id":"1174694875","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1174694875","pubTimestamp":1617953991,"sourceInfo":{"source_id":"lsy1606302653667","name":"InvestorPlace"},"weMediaInfo":null,"summary":"Today, the meme stock trade appears to be losing some steam. Investors in companies with heavy retai","collect":0,"end_time":0,"defaultTopTitle":"investorplace.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"SKLZ":"Skillz Inc"},"translate_title":"SKLZ股票：SKLZ CEO今日公开信的六点收获","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SKLZ":0.9},"content_text":"Today, the meme stock trade appears to be losing some steam. Investors in companies with heavy retail investor interest are down. Accordingly, investors in Skillz(NYSE:SKLZ) and SKLZ stock may not be surprised to see a 5% decline today.\nSource: NYCStock / Shutterstock.com\nAfter all, investors may have noticed a relative stagnation among the meme stock group in recent days. Today’s decline has continued a relatively bearish trend for these stocks this past week. Retail investors appear to be recycling interest rapidly. Accordingly, near-term sentiment appears to be a bigger driver than ever today for this group.\nThat said, the company’s CEO has raised some interesting points in a recentopen letterto shareholders.\nLet’s dive into what that letter said, and why investors may want to reconsider this stock.\nOpen Letter Highlights Bullish Thesis on SKLZ Stock\n\nAndrew Paradise, CEO of Skillz,recently pennedan open letter on Seeking Alphain which he highlighted the growth potential of its e-gaming business.\nAccordingly, Mr. Paradise noted the 23% CAGR of Skillz as an indicator of this growth. Indeed, he notes mobile has become the fastest-growing segment of the gaming space.\nFurther, Skillz is well-positioned to capture market share in a rapidly expanding sector. The CEO notes the mobile gaming market is expected to grow to $161 billion by 2025, from just $86 billion last year.\n\n\nThus, the company’s 84% year-over-year growth rate projected for Q1 is something he’d like investors to focus on.\nSkillz expects to ramp up its Android footprint dramatically. Last year, Android made up 14% of revenues. Furthermore, Mr. Paradise noted this segment is growing 2 times faster than iOS.\nAdditionally, Skillz has its sights set on global growth. The letter noted the international market for mobile gaming is 4 times larger than the domestic market.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[{"id":371208252,"gmtCreate":1618934983676,"gmtModify":1704717225631,"author":{"id":"3569468280944828","authorId":"3569468280944828","name":"ctanya","avatar":"https://static.tigerbbs.com/e1422b7be4dfbf8a517d6f3557e4f567","vip":1,"crmLevel":7,"crmLevelSwitch":0},"htmlText":"Why did it keep crashing? No clear answers&nbsp;<a href=\"https://laohu8.com/S/SKLZ\">$Skillz Inc(SKLZ)$</a>(I don't have a position on this)","listText":"Why did it keep crashing? No clear answers&nbsp;<a href=\"https://laohu8.com/S/SKLZ\">$Skillz Inc(SKLZ)$</a>(I don't have a position on this)","text":"Why did it keep crashing? No clear answers $Skillz Inc(SKLZ)$(I don't have a position on this)","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/371208252","repostId":1174694875,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4098922,"gmtCreate":1619055485251,"gmtModify":1680785049019,"authorId":3576275613425159,"author":{"id":3576275613425159,"authorId":3576275613425159,"name":"Lynny","avatar":"https://static.tigerbbs.com/7c0b8b78e97626dedf9ed61da1957ab7","vip":1,"crmLevel":6,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":371208252,"type":1,"supId":0,"prevId":0,"content":"Short sellers?","text":"Short sellers?","html":"Short sellers?"}],"langContent":"EN"},{"id":379295655,"gmtCreate":1618740202577,"gmtModify":1704714498636,"author":{"id":"3551139414186896","authorId":"3551139414186896","name":"Slowdownpok","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":3,"crmLevelSwitch":0},"htmlText":"Good company but yet to become great company. It is required right strategy to execute to become great company!","listText":"Good company but yet to become great company. It is required right strategy to execute to become great company!","text":"Good company but yet to become great company. It is required right strategy to execute to become great company!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/379295655","repostId":1174694875,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":348475383,"gmtCreate":1617958033742,"gmtModify":1704705307566,"author":{"id":"3575084008680468","authorId":"3575084008680468","name":"Hb_","avatar":"https://static.tigerbbs.com/2e6b4bec98a0dbb1567834e4f467227b","vip":1,"crmLevel":3,"crmLevelSwitch":0},"htmlText":"This is a good stock to hold&nbsp;","listText":"This is a good stock to hold&nbsp;","text":"This is a good stock to hold","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/348475383","repostId":1174694875,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":348459861,"gmtCreate":1617956023053,"gmtModify":1704705273901,"author":{"id":"3571003730304627","authorId":"3571003730304627","name":"Kel26","avatar":"https://static.tigerbbs.com/a06b9e1fe81fc1f09149063082b90dc3","vip":1,"crmLevel":5,"crmLevelSwitch":0},"htmlText":"Good to hold some for now","listText":"Good to hold some for now","text":"Good to hold some for now","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/348459861","repostId":1174694875,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":348464902,"gmtCreate":1617954825606,"gmtModify":1704705255403,"author":{"id":"3572230466884352","authorId":"3572230466884352","name":"manoj10","avatar":"https://static.tigerbbs.com/f93d00c1ae5b7b8a40720ab6b13af65e","vip":1,"crmLevel":3,"crmLevelSwitch":0},"htmlText":"nhjk","listText":"nhjk","text":"nhjk","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/348464902","repostId":1174694875,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":348462905,"gmtCreate":1617954401907,"gmtModify":1704705252649,"author":{"id":"3570437600969291","authorId":"3570437600969291","name":"The Knight","avatar":"https://static.tigerbbs.com/75dcd9b9c7a6f69cb6e3d99df5c339df","vip":1,"hat":"https://static.tigerbbs.com/4c5ceab71416b120bab4604c0754b52a","crmLevel":6,"crmLevelSwitch":1},"htmlText":"It’s a long wait and big gamble indeed. The stockhas been smashed over the past weeks even withthe recent share issue price of $24.80.&nbsp;","listText":"It’s a long wait and big gamble indeed. The stockhas been smashed over the past weeks even withthe recent share issue price of $24.80.&nbsp;","text":"It’s a long wait and big gamble indeed. The stockhas been smashed over the past weeks even withthe recent share issue price of $24.80.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/348462905","repostId":1174694875,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4001400,"gmtCreate":1618027090398,"gmtModify":1680783534398,"authorId":3571138623117037,"author":{"id":3571138623117037,"authorId":3571138623117037,"name":"Werkohderkoh","avatar":"https://static.tigerbbs.com/15f00b0aef0edf959d4cceebd1513729","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":348462905,"type":1,"supId":0,"prevId":0,"content":"??","text":"??","html":"??"}],"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":21,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}