Bag-holding Company 2: FuboTV Inc (FUBO)
For this series' 2nd post, I wanted to write about a different company. However, I was inspired to write about FUBO instead. After all, it is one of the companies on my old 10X Potential Series. Ironically, the only two companies in my 10X Potential series were the 1st two companies in this bag-holding series. Since FUBO announced its recent decision to shut down its gaming division, I honestly considered selling my entire position. After all, one of the reasons I initially invested in FUBO and continue to hold onto it, was the sports betting segment. Furthermore, I was reviewing another streaming giant. Financially, it was a much better company in terms of valuation. There are also many short term catalysts - (1) Recent Walmart+ membership partnership, (2) success of Top Gun Maverick, along with (3) their launch in Italy. Lets' not forget Buffet also took up a $3bn stake in the company. However, after watching these interviews ( 1 , 2 and 3 ) , and just 1 podcast from FUBO...