English
Back
Download
Log in to access Online Inquiry
Back to the Top

Time To Load UP on FUBO $

$FuboTV (FUBO.US)$ $FuboTV (FUBO.US)$ We are reviewing FUBO T.V and we believe the current stock price doesn't reflect the true value. We believe a speculative investment in FUBO now offers more upside reward than downside risk.
FUBO is moving in the right direction with news yesterday Fubo Expands Sports, Entertainment, News and Latino Programming With Launch of 18 NBCUniversal FAST Channels
FUBO operates a live TV streaming platform for live sports, news, and entertainment content in the United States and internationally. The company's platform allows customers to access content through streaming devices, as well as on SmartTVs, mobile phones, tablets, and computers. fuboTV Inc. was incorporated in 2009 and is headquartered in New York, New York.
FUBO is a highly likely takeover candidate, based on FUBO's growing user base along with the strong likely the courts will rule in favor for FUBO we think FUBO could fetch $7 a share. Our current fair valuation price target is $2.45 a share.
Time To Load UP on FUBO $
FUBO is turning the corner towards being profitable.
latest financial year loss of US$293m and a trailing-twelve-month loss of US$206m, the US$573m market-cap company alleviated its loss by moving closer towards its target of breakeven.
FUBO is also considered a "Take over Target" Possible interested names could be:
This news below was very big news for FUBO and sent the stock price above $2, since then the stock price has drifted lower and the short sellers have been busy. Short sellers are playing a risky game now. The current short position is near 40 million shares. Given the Fed will continue to lower interest rates this is good for small caps as hedge funds will look for speculative plays like FUBO to invest in.
Fubo Wins Preliminary Injunction Against The Walt Disney Company, FOX Corp. and Warner Bros. Discovery’s Venu Sports Joint Venture
August 16, 2024
NEW YORK--(BUSINESS WIRE)-- FuboTV Inc. (d/b/a Fubo) (NYSE: FUBO), the leading sports-first live TV streaming platform, has been successful in stopping the launch of The Walt Disney Company, FOX Corp. and Warner Bros. Discovery’s Venu Sports joint venture (JV) after its request for a preliminary injunction was approved by the U.S. District Court, Southern District of New York today. Today’s ruling is significant as Fubo fought against three of the world’s biggest media conglomerates to create a more competitive streaming marketplace for consumers.
David Gandler, co-founder and CEO, Fubo, commented:
“Today’s ruling is a victory not only for Fubo but also for consumers. This decision will help ensure that consumers have access to a more competitive marketplace with multiple sports streaming options.
“But our fight continues. Fubo has said all along that we seek equal treatment from these media giants, and a level playing field in our industry. The proposed joint venture was only the latest example of anticompetitive practices that The Walt Disney Company, FOX Corp. and Warner Bros. Discovery have consistently engaged in for many years. We believe these practices monopolize the market, stifle competition and cheat consumers from deserved choice.
“A fair and competitive marketplace is necessary to provide consumers with multiple, robust and more affordable sports streaming options. We will continue to fight for fairness and for what’s best for consumers.”
Fubo had sought to stop the launch of the JV that would have controlled roughly 60%-80% of live broadcast sports content, according to its partners. Fubo presented evidence of the JV’s primary effect of limiting competition, removing consumer choice, and ultimately leading to steep price hikes for consumers and boosting profits for the partners. Fubo’s goal is to ensure a competitive sports streaming marketplace that offers consumers choice, affordable pricing, flexibility and innovation. All distributors should have the opportunity to compete in a fair market, according to Fubo.
Fubo also intends to move forward with its lawsuit against the JV partners and their affiliates for antitrust practices. The suit, filed February 20, 2024, alleges that the vertically-integrated media companies have engaged in a years-long campaign to block Fubo’s innovative sports-first streaming business resulting in significant harm to both Fubo and consumers.
Multiple lawmakers, media and distribution companies and public interest groups have also publicly expressed concern about the JV’s negative impact for consumers. Sen. Elizabeth Warren (D-MA), Sen. Bernie Sanders (D-VT) and Rep. Joaquin Castro (D-TX) sent a letter on August 7, 2024 to the Department of Justice and Federal Communications Commission. Additionally, Rep. Jerry Nadler (D-NY), Ranking Member, House Judiciary Committee, and Rep. Joaquin Castro (D-TX) sent letters on April 16, 2024 and June 7, 2024 to the JV partner CEOs Bob Iger, Lachlan Murdoch and David Zaslav citing concerns of negative consumer impact and anti-competitive behavior as a result of the JV.
Additionally, eight entities (Fubo, DirecTV, Dish, Newsmax and public advocacy groups American Economic Liberties Project, Electronic Frontier Foundation, Open Markets Institute and Sports Fans Coalition) co-authored a letter to the Chairs and Ranking Members of the Senate Commerce and Judiciary Committees, House Energy & Commerce and Judiciary Committees expressing concern with the JV and its impact on the future of streaming.
Fubo thanks all who expressed concern directly to the Court through amici briefs and declarations.
Kellogg Hansen represented Fubo in its legal proceedings.
A court date for the antitrust lawsuit has not yet been announced.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only. Read more
2
+0
Translate
Report
30K Views
Comment
Sign in to post a comment