NYSE: FUBO Investor Notice: Lawsuit Against fuboTV Inc. Announced by Shareholders Foundation

ACCESSWIRE2021-03-16

SAN DIEGO, CA / ACCESSWIRE / March 16, 2021 / The Shareholders Foundation, Inc. announces that a lawsuit is pending for certain investors in fuboTV Inc. (NYSE:FUBO) shares. Investors, who purchased ...

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2021-03-17
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Announced by Shareholders Foundation\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-16 20:20 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/nyse-fubo-investor-notice-lawsuit-122000354.html><strong>ACCESSWIRE</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SAN DIEGO, CA / ACCESSWIRE / March 16, 2021 / The Shareholders Foundation, Inc. announces that a lawsuit is pending for certain investors in fuboTV Inc. (NYSE:FUBO) shares.\nInvestors, who purchased ...</p>\n\n<a href=\"https://finance.yahoo.com/news/nyse-fubo-investor-notice-lawsuit-122000354.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"TERN","symbol_name":"Terns Pharmaceuticals, Inc.","start_time":0,"source_url":"https://finance.yahoo.com/news/nyse-fubo-investor-notice-lawsuit-122000354.html","article_id":"2119897584","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2119897584","pubTimestamp":1615897200,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"SAN DIEGO, CA / ACCESSWIRE / March 16, 2021 / The Shareholders Foundation, Inc. announces that a law","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"TERN":"Terns Pharmaceuticals, Inc.","FUBO":"fuboTV Inc."},"translate_title":"纽交所：富博投资者公告：股东基金会宣布起诉富博电视公司","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"FUBO":1,"TERN":1},"content_text":"SAN DIEGO, CA / ACCESSWIRE / March 16, 2021 / The Shareholders Foundation, Inc. announces that a lawsuit is pending for certain investors in fuboTV Inc. (NYSE:FUBO) shares.\nInvestors, who purchased shares of fuboTV Inc. (NYSE:FUBO), have also certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.\nThe plaintiff alleges that the defendants made false and/or misleading statements concerning: (i) Fubo's growth in subscriber and profitability was unsustainable past the one-time seasonal surge; (ii) Fubo's offering of products would be subject to cost escalation; (iii) Fubo could not successfully compete and perform as sports book operator and could not capitalize on its online sports wagering opportunity; (iv) Fubo's data and inventory was not differentiated to allow Fubo to achieve its long-term advertising growth goals; (v) Fubo's valuation was overstated in light of its total revenue and subscription levels; and (vi) the acquisition of Balto Sport did not provide the stated synergies and internal expertise, and did not expand the Company's addressable market into sports wagering; and (vii) as a result, Defendants' statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.\nShares 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.\nThose who purchased fuboTV Inc. (NYSE:FUBO) shares should contact the Shareholders Foundation, Inc.\nCONTACT:Shareholders Foundation, Inc.Michael Daniels+1 (858) 779-1554mail@shareholdersfoundation.com3111 Camino Del Rio NorthSuite 423San Diego, CA 92108\nThe Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, 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. The Shareholders Foundation, Inc. is not a law firm. Any referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is only provided as a public service. 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