But concerns over outsized spending, a weakening advertising market, high content licensing costs and increased competition in the streaming space has cooled expectations for Fubo TV, with its stock price tumbling 34 percent since the start of 2023 and 85 percent over the last 12 months. Nearly two years ago, Fubo TV was trading north of $48 a share. The milestone continued a monumental downturn for Fubo TV after it attracted sizable attention among social media users during the coronavirus pandemic a few years ago, a time when the company enjoyed status as a so-called “meme stock” that saw unwarranted gains at GameStop, AMC Theaters and other organizations. The per-share price of streaming television service Fubo TV dipped below $1 for the first time in the company’s history on Monday, a sign that investors continue to express skepticism over the long-term viability of the sports-centric media brand. (Photo via LinkedIn, Graphic by The Desk) The logo of Fubo TV appears on the marquee outside the Times Square studios of ABC television in New York City.
0 Comments
Leave a Reply. |
Details
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |