FuboTV insiders describe how its 'doomed' sportsbook collapsed in under a year — and what it means for the future of the streaming company
. Like pay TV, sports betting is an expensive business to compete in, and while brand recognition has helped raise awareness for media-branded sportsbooks in the US, it hasn't translated steadily into customer loyalty or stronger margins.
Fubo stock is down about 80% year over year, compared to the S&P 500's 12% drop and relative stagnation of streaming stocks including Roku.Fubo looked poised in October 2020 to make big moves when the then-5-year-old company raised $183 million Still, Fubo staff had confidence Gandler could build a robust streaming-ads business, former employees told Insider back in 2021, given his experience at Telemundo, Time Warner Cable, Scripps, and the streaming service DramaFever . Gandler had no background in sports betting, however.acquiring for $37.2 million Vigtory
Multiple gaming employees said they felt Gandler and corporate leadership failed to understand the intricacies of building a sports-betting platform and the time, labor, and investment needed to get it right. It would take work to mold it into the bespoke sports-betting app that Gandler had initially envisioned.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
New study proved every company, business should go to 4 day work weekIn the largest-ever experiment of its kind, 33 companies adopted a four-day workweek. The results were conclusive: It's time for everyone to take Fridays off.
Consulte Mais informação »
PHOTOS: See how UK's TK Maxx stores compare to T.J. Maxx in the USPrince Harry says he loves shopping at TK Maxx. We visited the UK store and its US sibling, T.J. Maxx, to see how they compare and found striking similarities.
Consulte Mais informação »
Angry Tweetbot users may quit Twitter after access was cut offFrustrated Tweetbot and Twitterrific users say they're prepared to quit Twitter after their access to Elon Musk's platform via the 3rd-party apps was revoked
Consulte Mais informação »
YouTube scriptwriter job diary: income, how to increase viewsInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Consulte Mais informação »
Microsoft to make ChatGPT accessible through its AI serviceMicrosoft says it will roll out ChatGPT on its own AI service after reports it will invest $10 billion into OpenAI
Consulte Mais informação »
Elon Musk questions existence of Davos, compares to online forum 4ChanElon Musk questioned why Davos is 'even a thing,' and jokingly compared the annual meeting of the global elite to online forum 4Chan
Consulte Mais informação »