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FuboTV's stock plunges 24% in wake of sports-streaming venture from ESPN, Fox, WBD
FOXFox(FOX) Market Watch·2024-02-07 18:40

FuboTV Inc.’s stock was tanking for a second straight day — down 24% in early-afternoon trading Wednesday — after Walt Disney Co.’s ESPN, Fox Corp. and Warner Bros. Discovery Inc. announced a sports-streaming joint venture late Tuesday. Shares of the leading sports-streaming service FUBO, -24.90% are under siege in the face of juggernaut competition from Disney DIS, -0.55%, Fox FOX, -5.79% and WBD WBD, -2.88%, whose vast array of programming due later this year will radically change the market landscape. ...