1 Big Reason Why Investors Are Selling Off fuboTV
fuboTV (NYSE: FUBO) is a fast-growing sports-first streaming platform that spends more money than it makes, fueling investors' fears that the company could eventually run out of cash. As a result, fuboTV's stock price has dropped significantly over the past year. Here's why investors are right to be cautious about investing in fuboTV.
Image source: Getty Images.
fuboTV faces two problems. First, many viewers don't want to pay high prices for TV subscriptions, which could limit fuboTV's ability to raise prices. For example, when Netflix (NASDAQ: NFLX) raised subscription prices recently, it lost 600,000 customers in the United States and Canada.
Source Fool.com
