FuboTV Inc. (FUBO) is experiencing a decline in its stock price today, which may be linked to ongoing concerns about its merger with Disney's Hulu + Live TV. The deal, which grants Disney a 70% ownership stake, has raised apprehension among investors due to potential dilution of existing shares. This dilution is a significant point of contention, as it could impact the value of current holdings. Despite the merger's potential to enhance FuboTV's market position by accessing Hulu+'s customer base, the uncertainty surrounding the final terms continues to weigh on investor sentiment.
On Reddit, discussions reflect a mix of skepticism and cautious optimism regarding the merger. Some users express concern about the dilution, with one noting, "They estimate that the value of Hulu + is greater than FUBO so they are going to create another 700 million shares to add to the 300 million that exist." Others remain hopeful about the long-term benefits, suggesting that the merger could provide FuboTV with greater choice and flexibility in its offerings. However, the uncertainty surrounding the merger's impact on FuboTV's financials continues to be a topic of debate among investors.
FuboTV's stock is currently trading at $3.67, down 3.80% from the previous close of $3.82. The stock opened at $3.82 and has fluctuated between a high of $3.93 and a low of $3.63 so far today. Despite being less than an hour into the trading day, the stock has already seen a volume of 8,446,511 shares, representing 23.11% of the average daily volume of 36,550,488 shares, indicating active trading this morning.