FuboTV Announces 1-for-12 Reverse Stock Split to Boost Marketability

FuboTV has approved a 1-for-12 reverse stock split to reduce its outstanding shares and improve marketability. The streaming platform aims to align its share count with its size and scope. The reverse split will reduce the number of shares from approximately 1.1 billion to around 92 million. The move is intended to make the company more attractive to investors and improve its stock's liquidity.