Why fuboTV's Subscriber Growth Isn't Enough
Streaming service fuboTV (NYSE: FUBO) has been an absolute rollercoaster of emotion for shareholders over the past year, trading as high as $35 per share and as low as about $4, close to where it currently stands.
The company has shown an ability to rapidly pick up customers, which gives fuboTV hope for long-term success. However, the business is wildly unprofitable, likely explaining the stock's struggles.
It could be a rewarding investment if the business works out, but strong subscriber growth alone doesn't make an investment thesis. Here is why investors should be very cautious toward fuboTV.
Source Fool.com
