Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Here's Why fuboTV Stock Soared 51% in January

TheMotleyFool

0 0

Here's Why fuboTV Stock Soared 51% in January

Shares of fuboTV (NYSE: FUBO) soared 50.9% in January, according to data provided by S&P Global Market Intelligence. These market-beating gains were mostly fueled by excitement for the company's forthcoming sports-betting platform.

fuboTV believes it can natively integrate sports betting into its sports-streaming service. And in January, it sped up its pursuit of this new revenue stream. It acquired a sportsbook platform and gaming company called Vigtory for an undisclosed amount. It expects the deal to close in the first quarter of this year, with a full launch coming before the end of 2021.

Image source: Getty Images.

Source Fool.com

Like: 0

FUBO

Share