Why fuboTV Stock Dropped Almost 10% Today
Shares of sports-focused streaming service fuboTV (NYSE: FUBO) were down 9.6% on Friday as of 3 p.m. EST. The big jump earlier this week came when fuboTV announced plans to acquire interactive gaming company Vigtory and said it expects to launch a sportsbook by the end of 2021. This was particularly significant because the stock had previously been crushed more than 60% after a short-seller report highlighted the sportsbook plans, saying that they were "pure stock promotion."
