Why fuboTV Stock Fell Sharply on Thursday

Shares of fuboTV (NYSE: FUBO), a sports-first live-streaming platform, took a hit on Thursday, falling 15%.

The growth stock's decline may be due to skittishness from investors following sharp gains for many highly shorted stocks (including fuboTV) earlier this week.

In addition, fuboTV's announcement on Thursday morning that it was raising $350 million of capital via convertible senior notes may have concerned some investors.

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Source Fool.com