Skillz Shares Surge 200% After $420M Verdict

Skillz Inc. stock jumped over 200% on Thursday, reaching as high as $20 after a jury awarded $420 million in damages.
The jury also ordered Papaya Gaming to disgorge $652 million to Skillz, with Judge Denise Cote to rule on it in early June.
Shares peaked at $20 (443% rise) before settling around $11, a roughly 200% increase in afternoon NYSE trading.
Skillz alleged Papaya used bots and misrepresented $6.7 billion in player winnings, with $4.7 billion tied to bot‑won games.