Why Is Everyone Talking About Skillz Stock?
Cathie Wood is the founder and CEO of ARK Investment Management, and retail investors are tracking her moves like never before. Even Matthew Winkler, editor-in-chief emeritus at Bloomberg, recently called Wood the "best stock picker of 2020." Needless to say, when she speaks, people listen.
Investors were therefore intrigued when her fund purchased shares of little-known esports company Skillz (NYSE: SKLZ) in early January.
Skillz just went public via a special purpose acquisition company (SPAC), which is why many investors likely still haven't heard of it. But given Wood's vote of confidence, it's probably worth getting to know. Here's what Skillz does, what to like, and what to be worried about.
Source Fool.com
