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Why Skillz Is Heading Lower Again Today

TheMotleyFool

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Shares of Skillz (NYSE: SKLZ) were falling 2.3% heading into noontime trading Monday on no news specific to the mobile esports platform and at odds with meme stocks like AMC Entertainment and GameStop, which had risen 7% and 3%, respectively.

Despite the growth potential for Skillz's esports niche, the market has lost confidence in the platform, especially after its recent earnings report showed rising member acquisition costs in a reopening world.

Image source: Getty Images.

Source Fool.com

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