Why Skillz Stock Took a Dive Today

Jeremy Bowman, The Motley Fool
·2-min read
Why Skillz Stock Took a Dive Today

Shares of Skillz (NYSE: SKLZ) were falling today after the mobile gaming platform got hit by a short-seller report from Wolfpack Research. In its report, Wolfpack Research, a well-known short-seller, said that Skillz's top games are stagnant or declining, and called its revenue projections "farcical." The short-seller said it spoke with former employees, as well as employees at Skillz's two largest developers, and looked at third-party app download data, and found that the company's revenue forecasts were unrealistic.