FuboTV Slides as Reverse Stock Split Divides Retail Investors
FuboTV (FUBO) is executing a reverse inventory break up that shrinks Class A shares from 353 million to 29 million and Class B shares from 948 million to 79 million. FuboTV nonetheless faces aggressive stress in a streaming market dominated by better-capitalized rivals. The reverse break up is amplifying debate amongst retail traders about whether…