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Why fuboTV Stock Dropped Today

TheMotleyFool

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Shares of fuboTV (NYSE: FUBO) were falling today after the sports-focused streaming service issued disappointing guidance in its fourth-quarter earnings report this morning and revealed it had sold stock at a deeply discounted price.

Notably, the stock was actually up in pre-market trading as it beat estimates in its fourth-quarter earnings report, but the other updates spoiled those gains.

As of 1:32 p.m. ET, the stock was down 11.9%.

Source Fool.com

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