Can Fubo TV Survive Its Most Recent Slump?
Fubo TV (NYSE: FUBO) was one of the hottest stocks of the 2020-21 pandemic stock market bubble. Shares of the live TV streaming platform went from under $10 in mid-2020 to almost $50 in early 2021 as it became one of the famous "meme" stocks popularized by Reddit traders.
But now, with markets heading lower and the recent era of speculation over, Fubo stock has taken a tremendous tumble. Its shares trade at just $1.21, down over 95% from their early 2021 highs. Investors have major concerns with Fubo's razor-thin gross margins and substantial operating losses that won't move in the right direction.
Can Fubo TV make it out of this recent stock slump? I think that is unlikely. Here's why.
Source Fool.com
