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Skillz Inc. Stock Drops 6.77% Amid Tether Studios Partnership Dispute
ByAinvest
Wednesday, Sep 3, 2025 5:38 am ET1min read
Skillz Inc. (SKLZ) stock plunged 6.77% in pre-market trading due to a dispute with Tether Studios over the termination of a revenue-sharing partnership. Skillz filed a lawsuit in Delaware's Court of Chancery, disputing Tether's termination notice. The partnership's termination could impact Skillz's revenue streams, as it shared revenue generated from user entry fees for Tether-developed games on its platform. The dispute adds to existing legal challenges for Skillz.
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