ONGOING INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against fuboTV Inc. and Encourages Investors with Losses of $100,000 to Contact the Firm

LOS ANGELES, Jan. 15, 2021 /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of fuboTV Inc. ("fuboTV" or "the Company") (NYSE: FUBO) for violations of the securities laws.

The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. The Motley Fool published an article about fuboTV on January 4, 2021, titled "There's a Big Problem With FuboTV Stock." The article alleges that the Company is "wildly unprofitable" and trying "to put lipstick on a pig with a creative metric." According to the article, the Company reports "adjusted contribution margin" purporting it as a profitability metric, which in fact is "a meaningless number ... a function of how quickly the company is gaining subscribers, not a representation of profitability." The article states that: "the fact that the company reports such a misleading metric is a huge red flag." Based on this news, shares of fuboTV dropped by more than 13% on the same day.

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at [email protected].

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

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SOURCE The Schall Law Firm