Why I Sold Skillz Stock After Earnings

I had been an investor in Skillz (NYSE: SKLZ), the mobile-gaming competition platform, since it went public via a merger with a special purpose acquisition company (SPAC) in December 2020. The stock's been volatile, soaring as high as $46 per share and plummeting to the low single digits over the past 12 months.

I sold my shares of Skillz after the company announced its fourth-quarter earnings for 2021, making it the most significant investment loss in my career. I'm not sharing this with you for sympathy, but for the lessons you can take from my mistakes. Here are the four reasons I sold and the lessons I've learned over the past 15 months.

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Source Fool.com