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Why fuboTV Crashed Another 17% Today

TheMotleyFool

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Shares of fuboTV (NYSE: FUBO) continued a remarkable slide that has brought the stock down more than 60% since the Dec. 22 high. Today, shares were down another 17% to slightly over $23 per share as of 2 p.m. EST.

The drop came following an equally remarkable rise of 400% after the company launched its initial public offering (IPO) in October.

After fubo went public, investors were excited about a live TV streaming service focused on sports but also offering many other popular channels. But as fast as shares soared to a market cap valuation over $4 billion, they started the slide that continued today.

Source Fool.com

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