Press release
Investigation announced for Investors in shares of fuboTV Inc. (NYSE: FUBO)
An investigation for investors in fuboTV Inc. (NYSE: FUBO) shares over potential securities laws violations by fuboTV Inc.
Investors who purchased shares of fuboTV Inc. (NYSE: FUBO), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on whether a series of statements by fuboTV Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
New York based fuboTV Inc. operates a live TV streaming platform for live sports events, news, and entertainment content in Europe and the United States. On January 4, 2021, an article was published entitled "There's a Big Problem With FuboTV Stock". The article characterized the Company as "wildly unprofitable" and "tr[ying] to put lipstick on a pig with a creative metric." Specifically, the article asserted that the Company's "adjusted contribution margin," which the Company presented in its financial reporting as a purportedly positive profitability metric, was in fact "a meaningless number . . a function of how quickly the company is gaining subscribers, not a representation of profitability." The article concluded, "that the fact that the company reports such a misleading metric is a huge red flag."
Shares of fuboTV Inc. (NYSE: FUBO) declined from $62.29 per share on December 22, 2020, to as low as $25.61 per share on January 6, 2020.
Those who purchased shares of fuboTV Inc. (NYSE: FUBO) have certain options and should contact the Shareholders Foundation.
Media Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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