I Bet on FuboTV Stock and Lost; Don’t Make the Same Mistake Source: Burdun Iliya | Shutterstock.com A year ago, I placed a small wager on FuboTV (NYSE: FUBO ) after deciding its plan for a sports-oriented cable replacement backed by gambling looked like a winner. I lost the bet. FUBO stock is down more than 90% over the past 12 months and is now in penny stock territory. Trading around $2.70 a share, the company’s market cap is now less than $500 million. Fubo looks FUBAR. All the growth that made FUBO stock appear attractive a year ago is still there. Revenue was up 144% in 2021, excluding the acquisition of streaming platform Molotov. FuboTV even managed to nearly double its revenue in the first quarter of 2022, compared with the year-ago quarter, despite economic headwinds. The company has ample cash to sustain its current losses through 2022. And CEO David Gandler is buying the stock, professing the utmost confidence in the company. Yet, I’d bet that investors who take a position in FUBO stock now will have little to no profit to show for it by the end of the year.