FEAC Stock/Flying Eagle to Merge with Skillz ๐ฑ! Skillz Stock Analysis! [Is FEAC Stock a Buy?]
315FEAC Stock/Flying Eagle Stock and Skillz announced on September 2, 2020 their intentions to merge. In this video I would be discussing about the merger, and analyze Skillzโs business and FEAC stock.
There has been several private companies looking to go public through a reverse takeover of a special purpose acquisition company (SPAC), and Skillz is no exception. On September 2, 2020, it was announced that Flying Eagle Acquisition Corp. and Skillz intends to merge resulting Skillz becoming a publicly traded company on the NYSE. In this video, Iโll be discussing about Skillz. I will first provide a brief introduction about the company, what they do, and how they earn income, then I will discuss about what I like about the company, their risks and valuation. I will then conclude on whether I own any shares of the business and if I do, what I am planning to do with it, and if I donโt, would I be buying any shares at itโs current price.
Skillz is the leading mobile games platform that connects players in fair, fun, and meaningful competition. The Skillz platform helps developers build multi-million dollar franchises by enabling social competition in their games. Leveraging its patented technology, Skillz hosts billions of casual esports tournaments for millions of mobile players worldwide, and distributes millions in prizes each month.
Game developers build their game on Skillz platform, whereby players can compete against each other in games such 2048 Super Solitaire, 13 Cards Tournament, Jewel Blitz and Tac Tac Way and the winner of these games can earn rewards and actual cash, yes, real money and skill is a major determining factor in the outcome of the game and not luck.
Sources:
https://www.morningstar.ca/ca/
https://ca.finance.yahoo.com/
https://finviz.com/
https://www.sec.gov/
https://www.skillz.com/
http://eagleequityptnrs.com/
https://www.businesswire.com/news/home/20200902005370/en/Skillz-Set-Public-Bring-Competitive-Mobile-Gaming
https://menafn.com/1099569523/Mobile-Games-Market-Rising-Trends-and-Global-Outlook-2020-to-2025
https://www.esportsbets.com/reviews/skillz/
https://en.wikipedia.org/wiki/Andrew_Paradise
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ATTRIBUTION
CNBC Television. Skillz CEO Andrew Paradise on the company's plan to go public. YouTube. CNBC Television, Sept. 2, 2020, https://youtu.be/bxDzaoJG3w8
#FEAC #Skillz #Esports
FEAC, FEAC Stock, Flying Eagle Acquisition Corp, Skillz, SPAC, special purpose acquisition company, NYSE, Andrew Paradise, esports, Solitaire Cube, Blackout Bingo, 21 Blitz, Dominoes Gold, Bubble Shooter Arena, Ticketz, mobile gaming,
Email: davidinvestmentanalysis@gmail.com
Thank you for watching my video.
I've been investing in the market for six years now and I really enjoy reviewing and analyzing stocks and picking the right ones for my investment portfolio. My main approach to investing is looking for companies that have growth at reasonable valuations. In addition, I analyze companies looking at both quantitative and qualitative aspects. I invest in both the Canadian and US market. I started this channel with the hope of sharing my research and analysis with everyone and providing some investment ideas to those looking to invest and guidance to those who just started investing. If you're interested in my research and analysis please make sure you subscribe and click the notification bell.
Disclaimer: Please note this video is for entertainment purpose only and all opinions are of my own and is not financial or investment advice. Please ensure you speak with your financial advisor and consider your risk tolerance before making any financial or investment decisions.