|Day's range||11.10 - 11.10|
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.
More than 113 million U.S. households -- almost 9 out of 10 -- subscribe to streaming services. Streaming companies like fuboTV (NYSE: FUBO) and Roku (NASDAQ: ROKU) have been volatile investments after a couple of years of pandemic ups and downs, followed by a fierce bear market that continues today. Roku is an electronics company building an ecosystem around smart televisions as the home entertainment hub.
Most conventional cable television service providers (like Comcast's Xfinity and Charter's Spectrum) face little geographical competition. In theory, if a potential competitor can sidestep these companies' regional reaches by delivering lower-cost cable TV using a high-speed internet connection, it's got a chance at breaking into the cable television market. The vast majority of the company's cable subscription revenue is being chewed up by affiliate fees passed back to networks and cable channels.