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Stock impact report

Skillz Launches $75 Million Accelerator Program to Support Mobile Game Developers

Skillz Inc. Class A (SKLZ) 
Company Research Source: Business Wire
LAS VEGAS--(BUSINESS WIRE)--Skillz Inc. (NYSE: SKLZ) (“Skillz” or the “Company”) announced today the launch of the Skillz Developer Accelerator, a strategic initiative designed to grow the monetization of the mobile gaming ecosystem by empowering game developers with the financial resources necessary to bring skill-based games to market and succeed. This groundbreaking program plans to deploy up to $75 million over the next three years, offering developers the working capital and operational support needed to push the boundaries of innovation and drive the next generation of online and mobile gaming competition.Skillz’s goal is to strategically support at least 25 high-potential games, though the Company remains flexible and open to more dynamic opportunities, should larger or smaller opportunities align with the Company’s vision. The Company is seeking to deploy its financial resources and operational expertise to support games that are easy to learn but have high competitive pot Show less Read more
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