FuboTV slumps 16% as streaming TV stocks get caught in broad market slide
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FuboTV (NYSE:FUBO) shares plunged by 16% Wednesday as tech stocks on the whole dropped into the red following Tuesday's mid-term elections in the United States.
By the time the market closed, 14.8M shares of Fubo (FUBO) stock had been exchanged. The streaming TV service provider typically sees 15M shares traded hands on a daily basis.

Among other companies in the streaming TV market, Netflix (NASDAQ:NFLX) slipped by 2%, Roku (NASDAQ:ROKU) was down by almost 6%, Warner Bros. Discovery (WBD) gave up more than 4% and Paramount Global (PARA) was off by almost 6%.
Disney (NYSE:DIS), which sent out reminders this week that it will be raising the price of its Disney Bundle streaming package of Disney+, Hulu with ads, and ESPN+, was down by almost 13% following reaction to the company's latest earnings report.
Last Friday, Fubo (FUBO) reported third-quarter results that surpassed expectations and gave an upbeat fourth-quarter outlook.