These Tech Stocks Had a Terrible 2021: Here's Why They Could Soar in 2022
Mobile gaming platform Skillz (NYSE: SKLZ) went public through a special-purpose acquisition company (SPAC) in December 2020, riding a wave of enthusiasm for new SPACs coming into the year. While Skillz probably got ahead of itself amid the speculative SPAC frenzy, its valuation seems downright prudent today, at just 7.9 times sales. While Skillz is currently not profitable, it did grow revenue 70% last quarter.