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Why fuboTV Stock Got Crushed Today

TheMotleyFool

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Shares of fuboTV (NYSE: FUBO) got crushed on Tuesday as the stock market in general pulled back. Many high-growth stocks have lofty valuations right now, and these were among the hardest hit today. fuboTV stock was among them and was down 12% as of 1 p.m. EST.

For some context, fuboTV stock went up over 500% from late September to mid-December. Very little of this rally was because of positive business results. Rather, investors were increasingly optimistic about its future opportunity in sports betting.

Image source: Getty Images.

Source Fool.com

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