Over 1 Year Ago
2 Min Read

FUBO shares plunged, -7% today. Some more information:



fuboTV Inc. (FUBO) is trading -7% lower at $4.425 today. The stock is trailing behind peers on a slightly dispirited day for the Communication Services sector.

  • FuboTV announced that it granted restricted stock unit awards to five new non-executive employees to induce them to join the company
  • Analysts are citing a lack of pricing power and negative gross margins 
  • Advertising and sportsbook will not be able to plug the financials short term

fuboTV Inc. has been trading between a 52-week high of $35.1 and a 52-week low of $2.32. The stock has a market cap of $820 Million.

fuboTV (NYSE: FUBO) is the leading sports-first live TV streaming platform offering subscribers access to tens of thousands of live sporting events annually as well as leading news and entertainment content. With fuboTV's base plan, subscribers can stream a broad mix of 100+ live channels, including 43 of the top 50 Nielsen-ranked networks across sports, news and entertainment (Primetime A18-49), with the option to add dozens of additional networks. Continually innovating to give subscribers a premium viewing experience they can't find with cable TV, fuboTV is regularly first-to-market with new product features and was the first virtual MVPD to stream in 4K.

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As you can imagine, the internet had a few things to say about the price move. Here's a few choice comments from the Reddit Traderverse™:

No_Wonder879 - 66 upvotes - source
Those happy about others losing are likely the ones that only post their gains, never had a bad trade in their life. (I bought Fubo at 30). That being said, Cohen is no news. We find out we already own his shares and he isn't dumping in the future. So... ..everyone sells (?)

Ok-Pear-4726 - 12 upvotes - source
Loading up on Fubo

Tybasco - 10 upvotes - source
FUBO really fucked my ass this week.. That’s money I could of put into bbby damnit!

canthandledatruth - 7 upvotes - source
reason why i think so is because FUBO did the same thing..a lot of meme stocks went up at the same time..on incredible volume. Definitely looked like Algos to me based on the timing and all...also retailers just don't command that kinda volume...looks like retailers got played honestly

Getyourbreadup420 - 7 upvotes - source
Fubo is hungry

MrIntimid8n - 6 upvotes - source
As a veteran FUBO bagholder, trust me, it ain't comin'.

AssMoDai - 6 upvotes - source
Hi all, just a reminder that FUBO has fookt me in the ass. Thanks for listening.

DavidL2277 - 6 upvotes - source
FUBO is ready - already late on webr

wittyusername4me - 6 upvotes - source
It's time to rally on FUBO

DavidL2277 - 6 upvotes - source
Not as rich but with you on BBBY and FUBO