Over 1 Year Ago
2 Min Read

FUBO is trading -6% lower today, is the meme run over?



Shares of fuboTV Inc. (FUBO) are trading -6% lower at a price of $4.11 at the time of this writing. The Communication Services sector is having a generally somewhat gloomy day but the stock is trading even low than other names in the space.

- Slowing subscriber growth is causing fierce competition and rising content costs, which makes it difficult for fuboTV to turn a profit in the near future.
- Nevertheless, the company believes that reaching profitability and achieving a 15% adjusted EBITDA margin are still achievable goals.

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 $762 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.

Headlines


Tech Roundup: Earnings results and streaming TV set the week''s tone
Seeking Alpha 08-20-22

FuboTV Announces Inducement Grants Under NYSE Listing Rule 303A.08
Wallstreet:Online 08-19-22

Will Barstool Sports Save the Day for Penn Entertainment (PENN) Stock?
InvestorPlace 08-18-22

fuboTV Inc. 30-day option implied volatility at 165
Investing.com 08-18-22

Don''t Bet On fuboTV''s Growth Strategy (NYSE:FUBO)
Seeking Alpha 08-17-22


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™:

deuce-deuce-pap - 6 upvotes - source
I like how FUBO isn’t being mentioned anymore. Rugpull so vicious it should be put on the sex offender list for fucking so many people.

Milot25wallst - 4 upvotes - source
Fubo YOLO

Byoale66 - 2 upvotes - source
Is fubo still a company?

fscumeau - 2 upvotes - source
disclose your fubo bags

Will-Dozer69 - 2 upvotes - source
Full steam fubo

chavingia - 1 upvotes - source
FUBO PUTS

Spieren - 1 upvotes - source
Going full bull on REV and FUBO, maybe eye some VISA puts. Leftovers are going into a BBBY call or two depending on price action tomorrow.

Recent-Independent - 1 upvotes - source
IS Fubo still in play?

boondockers23 - 1 upvotes - source
Any other fools stuck in Fubo like me? The worst to ever do it!

Byoale66 - 1 upvotes - source
The tv streaming, is fubo. I think