Don't Buy fuboTV Stock on the Disney-Fueled Dip

In the streaming market, fuboTV (FUBO -22.71%) has carved out a not-so-lucrative niche for itself. The company focuses on live sports, making its platform a go-to service for cord-cutters looking to watch their favorite teams.On Wednesday, fuboTV stock tanked following news that Disney, Fox, and Warner Bros. Discovery were teaming up to create a joint venture that will marry the three companies' sports-heavy channels into a new streaming service. While key details, like pricing, are still unknown, increased ...