Fubo surged more than 10% in morning trading
Tiger Newspress2021-06-07
(June 7) Shares of fuboTV were running over 10% higher in morning trading, as the live-streaming sports platform enjoyed momentum from being both a so-called "meme stock" that's heavily shorted and having positive developments in its business.
In addition, LG Electronics announced the launch today of the fuboTV app on its webOS Smart TVs (2018-2021 models) in the U.S., including its award-winning, best-in-class LG OLED TV
fuboTV investors have a lot to look forward to beyond chat room traders backing their stock. The live-streaming platform has exclusive streaming rights to 70 CONMEBOL matches and the dashboard upgrade is a prelude to its sports betting launch to come later this year. Those are the kinds of catalysts long-term investors in thelive-streamer service stockshould stay focused on.
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