Why Skillz Stock Dropped Wednesday

Why Skillz Stock Dropped Wednesday

Mobile video-game platform Skillz (NYSE: SKLZ) reported its first-quarter 2021 results last night, and it was a bit of a mixed bag for investors. On the positive side, Skillz reported record revenue that grew 92% over the year-ago quarter. Also yesterday, Skillz announced that its chief financial officer is being replaced as of June 21, 2021.