Investing
Retail investors hold majority stake in FuboTV as institutional interest persists
© Reuters.
Retail investors maintain a commanding presence in FuboTV (NYSE:) Inc., holding 60% of the company’s shares, granting them considerable influence over the streaming service provider’s strategic decisions. This level of ownership by individual shareholders also subjects them to the direct impacts of the company’s financial performance.
Institutional investors collectively own 38% of FuboTV, indicating a robust confidence in the company, which is reinforced by its inclusion in major market indices. However, this significant institutional involvement carries the risk of share price volatility should these large stakeholders decide to sell their shares simultaneously.
Among the institutional investors, BlackRock (NYSE:), Inc. and The Vanguard Group, Inc. stand out with substantial holdings of 8% and 7.6%, respectively, followed by Marshall Wace LLP at 2.2%. This demonstrates strong backing from some of the most prominent names in asset management.
Additionally, FuboTV’s CEO David Gandler has a personal stake in the company’s success with his own investment accounting for nearly one percent (0.9%) of its shares. His ownership aligns management’s interests with those of both retail and institutional investors, aiming for long-term growth and profitability.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
Read the full article here
-
Passive Income6 days ago
Are You Running Your Business, or Is Your Business Running You?
-
Side Hustles6 days ago
How Your Body Language Can Help Win a Disagreement
-
Side Hustles5 days ago
How to Be Unapologetically You and Why It Matters
-
Investing6 days ago
7 Marketing Strategies to Help Your Startup Grow and Scale
-
Side Hustles6 days ago
OpenAI Raises Record $6.6 Billion, Adds 50 Million New Users
-
Investing4 days ago
Nvidia CEO Jensen Huang: Demand For Blackwell AI Is Insane
-
Side Hustles4 days ago
Mark Zuckerberg Is Now Second Richest Person in the World
-
Side Hustles5 days ago
With AI Magicx, It’s Like Getting an Entire Creative Team in One Money-Saving AI Tool