This innovative livestreaming TV service is encountering headwinds as investors seek profitable growth.
NEW YORK, September 26, 2022--FuboTV Inc. (NYSE: FUBO), the leading sports-first live TV streaming platform, today announced that on September 26, 2022, the Compensation Committee of FuboTV’s Board of Directors granted restricted stock unit awards covering an aggregate of 103,866 shares of its common stock to six new employees to induce them to join FuboTV. The awards were granted under FuboTV’s 2022 Employment Inducement Equity Incentive Plan, and vest annually over a four-year period following
Shares of sports streaming service fuboTV (NYSE: FUBO) were up on Friday in sharp contrast to the broad decline of the stock market. As of 12:50 p.m. ET, fuboTV stock was up 4% but it had been up as much as 10% earlier in the session. Analyst Michael Pachter of Wedbush believes that fuboTV stock can beat the market from here and he accordingly upgraded the stock, according to The Fly.