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Skillz Inc (NYSE: SKLZ) shares jumped about 21% in a single session in early January when Cathie Wood’s Ark Invest added shares in the mobile eSports platform, which went public last December via blank-check firm Flying Eagle Acquisition Corp. Last month, Skillz reported a record 52% jump in the second quarter on revenue of $89.5 million. The company guided for $375 million to $376 million in full-year revenue on a standalone basis and $389 million with the impact of the Aarki acquisition.
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