Skillz Inc.

Analysis for Ticker: SKLZ

Skillz Inc operates a mobile gaming ecosystem where developers use a special software kit to host money tournaments for games like Solitaire Cube and 21 Blitz. On the outside, it looks like a tech company, but on the inside, it is a furnace that has burned an accumulated deficit of over 1.000,0$ million of other people's money. Between 2021 and 2024, the value of the business for a regular person fell by 99%, meaning a hundred dollars became worth just 1,11$. This happened because the people running the business are paying themselves millions in free shares while the actual gaming business is falling apart. It is like a lemonade stand that pays kids to drink the lemonade so the owner can tell everyone business is great, even though the lemon jar is empty.