fuboTV Inc. (FUBO)
Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of fuboTV Inc. ("fuboTV" or "the Company") (NYSE: FUBO). The investigation concerns whether fuboTV and certain of its officers and/or directors have violated federal securities laws.
On January 4, 2021, The Motley Fool published an article entitled "There's a Big Problem With FuboTV Stock". The article characterized the Company as "wildly unprofitable" and "tr[ying] to put lipstick on a pig with a creative metric." Specifically, the article asserted that the Company's "adjusted contribution margin," which the Company presented in its financial reporting as a purportedly positive profitability metric, was in fact "a meaningless number . . a function of how quickly the company is gaining subscribers, not a representation of profitability." The article concluded, "that the fact that the company reports such a misleading metric is a huge red flag." On this news, fuboTV' stock price fell $3.76 per share, or 13.43%, to close at $24.24per share on January 4, 2021.
If you are aware of any facts relating to this investigation, or purchased fuboTV shares, you can assist this investigation by visiting contacting the firm. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm’s expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.