135 0 Kommentare Notice of Lead Plaintiff Deadline for Shareholders in the FuboTV Inc. Class Action Lawsuit - Seite 2

Investors learned the truth gradually through a series of research reports beginning on December 23, 2020. Those reports revealed, among others things, that: (i) FuboTV’s growth in subscriber and profitability was unsustainable past the one-time seasonal surge; (ii) FuboTV’s offering of products would be subject to cost escalation; (iii) FuboTV could not successfully compete and perform as a sports book operator and could not capitalize on its online sports wagering opportunity; (iv) FuboTV’s data and inventory was not differentiated to allow FuboTV to achieve its long-term advertising growth goals; (v) FuboTV’s valuation was overstated in light of its total revenue and subscription levels; and (vi) the acquisition of Balto Sports did not provide the stated synergies and internal expertise, and did not expand FuboTV’s addressable market into sports wagering. Upon the publication of the research reports, the price of FuboTV securities declined 54% from December 23, 2020 to January 4, 2021.

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