Why fuboTV Stock Crashed After Q3 Earnings
fuboTV (NYSE: FUBO) specializes in streaming media. Specifically, the platform connects viewers with over 100 live TV channels across sports, news, and entertainment. The company recently expanded into the mobile sports betting market with the launch of the Fubo Sportsbook in Iowa. Even so, the stock is down 60% from its all-time high, due in part to a sharp sell-off following the company's third-quarter earnings report.
In this Backstage Pass video, which was recorded on Nov. 10, Motley Fool contributor Toby Bordelon discusses fuboTV's recent financial performance, and he offers an explanation for the sharp sell-off. Motley Fool contributor Brian Withers also appears in this clip.
Source Fool.com
