The streaming company backed by this billionaire just told everyone that it would be going belly-up soon.

The company’s stock is down more than half, in the 2 months since I told you how the billionaire would lose every penny he invested.

Edgar Bronfman Jr.

FuboTV

FuboTV Stock Tanks After North America Forecast Is Cut

Shares of fuboTV were plummeting on Friday after the sports streaming service slashed its guidance for North America.

For the full year, fuboTV (ticker: FUBO) expects to generate between $1.02 billion to $1.03 billion in revenue in North America, with 1.465 million to 1.485 million subscribers. FuboTV previously had predicted that full-year revenue for North America could range between $1.08 billion and $1.09 billion, and subscribers between 1.5 million to 1.51 million. – Source

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