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Here's Why fuboTV Stock Is Crashing

TheMotleyFool

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Shares of fuboTV (NYSE: FUBO) have been on a bit of a rollercoaster ride, and today continues the downhill drop. As of 10:15 a.m. EST Thursday, the stock was down another 9%, bringing its two-day cumulative drop to 23%.

But investors who have owned it for more than a week shouldn't be complaining, as they are still up over 80% on the newly public company.

The sports-focused streaming service went public through an initial public offering (IPO) on Oct. 8, and shares had been on a tear until yesterday. There are several explanations for the reversal.

Source Fool.com

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