FuboTV Inc. (FUBO) is experiencing a slight decline in its stock price today, which may be attributed 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 remains 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, "I've been here since 2021 and now Disney wants the biggest slice of cake too? This shit will juice once Disney wants it too." 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 $3.66, down 0.27% from the previous close of $3.67. The stock opened at $3.63 and has fluctuated between a high of $3.70 and a low of $3.51 so far today. Despite being just an hour into the trading day, the stock has already seen a volume of 8,379,690 shares, representing 22.71% of the average daily volume of 36,895,650 shares, indicating active trading this morning.