Can fuboTV Stock Bounce Back This Week?
Investors aren't turning off their TVs, but they are shutting off their streaming service stocks. The market's rotating out of the companies that provide on-demand television, and it's hard to find a name that has taken a bigger hit than fuboTV (NYSE: FUBO). The live TV streaming platform has seen its stock plunge 93% since peaking during the holiday season of 2000.
fuboTV traded as high as $62.29 when it began making inroads to add online gambling to its sports-centric streaming service. It's been a losing bet for investors since then, but fuboTV does have another chance to turn heads. The company reports its first-quarter results after Thursday's market close.
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Source Fool.com
