Fubotv Inc (FUBO): Requiem For A Stream

Kerrisdale Capital is short shares of Fubotv Inc (NYSE:FUBO). Q3 2020 hedge fund letters, conferences and more Fubotv Inc (FUBO): Requiem For A StreamWe are short shares of Fubotv, a $6bn company that has seen its share price increase 4x following its October 7th IPO on the NYSE. Remarkably, even after its recent retracement from truly nosebleed levels, Fubo still trades at valuations completely unmoored from reality: 14x 2021E sales, equivalent to $12,000 per current subscriber. We see no justification for these levels. Fubo is not Roku. Fubo is not the next NetFlix. Fubo is not the next Draf…

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HEDGE accordingly