fuboTV Inc. is a live streaming platform that allows customers to access sports, entertainment, and news in the United States and Europe.
Motley Fool Article Alleges “Big Problem With FuboTV Stock”
On January 4, 2021, The Motley Fool published an article on its website with the title “There’s a Big Problem With FuboTV Stock”. The article said that despite fuboTV stock making huge gains in 2020, the company was “wildly unprofitable” and characterized it as trying “to put lipstick on a pig with a creative metric.”
The article said that the company’s “adjusted contribution margin”, supposedly showing profitability, was “meaningless” and showed how quickly subscribers were being gained, not profitability. The article called this a red flag, and fuboTV’s stock fell over 13% the day the article was published.
Initial Public Offering
fuboTV was founded in 2015, and held its initial public offering (IPO) in October, 2020, raising over $620 million. Lead underwriters for the IPO included Oppenheimer & Co., Evercore, and BMO Capital Markets.
If your financial advisor negligently recommended that you invest in fuboTV Inc., improperly recommended an overconcentrated position in fuboTV Inc., or mishandled your account, you may have a claim to recover your losses through securities or FINRA arbitration.
Recovering fuboTV Inc. (FUBO) Investment Losses
If you have investment losses with fuboTV Inc. (FUBO), contact Silver Law Group, a nationally-recognized class action law firm representing investors.
The class action attorneys at Silver Law Group work with groups of investors who have been the victims of securities and investment fraud. Many of our cases involve Ponzi schemes, violations of the federal securities laws, and other types of fraud. Our team of lawyers, accountants, and investigators work to maximize your recovery.
Scott Silver, Silver Law Group’s managing partner, is chairman of the Securities and Financial Fraud Group of the American Association of Justice and represents investors around the country and internationally in securities investment fraud cases. Contact us today at ssilver@silverlaw.com or toll free at (800) 975-4345.