Could fuboTV Be a Millionaire Maker Stock?
Cable and satellite television are so 2019. We're streaming these days, and that means replacing traditional linear TV with a more flexible digital format to keep watching live sports, local news, and major network broadcasts in real time. You've probably heard of Sling TV or Alphabet's (NASDAQ: GOOGL) (NASDAQ: GOOG) YouTube TV, popular live-streaming services with millions of subscribers apiece.
Most consumers (and investors for that matter) don't really know fuboTV (NYSE: FUBO), but that could be changing. The cloud-based live TV platform only had 590,430 subscribers by the end of March, but there's a lot going for the upstart these days. No streaming service is growing as quickly as fuboTV; generating the same ad revenue per user; and arming itself with the same kind of retention, engagement, and monetization tools that fuboTV is working on right now.
The stock also has momentum on its side. It has nearly doubled since hitting a springtime low two months ago. The potential returns are high, but the same can also be said about the risks. Is fuboTV a millionaire maker stock? Let's take a closer look.
Source Fool.com
