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The American media FuboTV shaken by the stock market crisis

2022-05-18T17:08:55.135Z

The channel aggregation platform that bought Molotov wants to replace the cable operators. How to navigate in the middle of a real stock market storm? FuboTV, the American channel aggregation platform which bought its French equivalent Molotov in November 2021, saw its stock price fall by 83% following the stock market correction which affected media values ​​in the wake of Netflix. “Times are pretty tough. The economic situation in Ukraine and the rise in interest rates have caused the



How to navigate in the middle of a real stock market storm?

FuboTV, the American channel aggregation platform which bought its French equivalent Molotov in November 2021, saw its stock price fall by 83% following the stock market correction which affected media values ​​in the wake of Netflix.

“Times are pretty tough.

The economic situation in Ukraine and the rise in interest rates have caused the valuation levels of the technology, streaming and media giants to explode.

Half of Nasdaq stocks have lost more than 50% of their value

 ,” explains David Gandler, CEO of FuboTV.

In these conditions, you have to have a strong heart.

“We maintain our long-term strategy.

Fubo's objective is to replace the old offers of cable operators in American homes with a very high-end digital offer offering all the attractive content with the best possible customer experience”

, continues the CEO.

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Source: lefigaro

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