The Formula 1 (F1) championship officially started in the year 1950, and it remains at the top of the motorsport world 73 years later. The business of F1 has evolved dramatically over that time, with more races on the calendar now than ever before, and endless opportunities for monetization thanks to social media and streaming. 

Those initiatives have accelerated in the last few years following Liberty SiriusXM Group's acquisition of the sport in 2016. 

The media conglomerate owns several sporting and entertainment assets, which can dilute investors' exposure to the F1 brand, so it offers three separate securities that specifically track its performance: Liberty Media Formula One (NASDAQ: FWON.A)(OTC: FWON.B)(NASDAQ: FWON.K).

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Source Fool.com