FuboTV's stock, $FUBO, experienced significant declines in response to the announcement of a sports streaming partnership involving Disney, Fox, and Warner Bros. The stock plummeted by 14-27% premarket and continued to drop by 23-24% during the day. FuboTV expressed concerns about the potential impact on fair competition and urged consumers to be concerned about the new sports bundle. The company's statement highlighted market concerns and the need for fair competition.
FuboTV’s stock plunges 24% in wake of sports-streaming venture from ESPN, Fox, WBD $FUBO https://t.co/W08Al9uPfi
FUBO SAYS DISNEY-FOX-WARNER SPORTS DEAL RAISES MARKET CONCERNS FUBO STATEMENT CITES POTENTIAL IMPACT ON FAIR COMPETITION
Streaming Pay-TV Service Fubo, After Its Stock Tumbles 23%, Blasts New Disney-Fox-WBD Sports Bundle: "Every Consumer In America Should Be Concerned" https://t.co/Yh0MrXAs4v
FuboTV’s stock plunges 24% in wake of sports-streaming venture from ESPN, Fox, WBD https://t.co/g5ffHB4yxP
FuboTV Stock Tanks 27% as Disney Announces Sports Streaming Partnership https://t.co/LvcyTZnJ4l
$FUBO is now down 14% premarket https://t.co/Vv5TGn3OFj