Skillz Is Finally Discussing a Decrease in Marketing Spending
Skillz (NYSE: SKLZ) reported its fourth-quarter and full-year results after the market closed on Wednesday, and investors were disappointed with what they saw -- particularly with regard to its continued, aggressive investments in sales and marketing. The stock price crashed by 20% on the day following the earnings announcement.
Those high expenses are leading to massive losses on the bottom line. But shareholders can be mildly comforted that management is finally discussing a reduction in marketing spending.
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Source Fool.com