Stock Track | fuboTV Stock Plunges as Losses Mount and Dilution Continues

Stock Track11-05

Shares of fuboTV Inc. (FUBO) plummeted by 6.57% on November 4, 2024, as the company's mounting losses and ongoing dilution continue to weigh heavily on investor sentiment.

Despite fuboTV's efforts to expand its content offerings and partnerships, the company's financials remain a significant concern for investors. According to the article, fuboTV has been rapidly burning through cash, with a cash burn rate of around $150 million over the last 12 months. This is particularly alarming given that the company only had $146 million in cash on its balance sheet.

Furthermore, fuboTV has been highly dilutive to shareholders, with the total number of shares outstanding increasing by a staggering 114% over the past three years. This excessive dilution has significantly eroded shareholder value and raises questions about the company's ability to raise additional capital without further diminishing existing shareholders' stakes.

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