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. Investors have major concerns with Fubo's razor-thin gross margins and substantial operating losses that won't move in the right direction.