FuboTV is trading 5.2% down at $8.38 after shareholders approved a 7 million share increase to its 2020 Equity Incentive Plan during the July 28 annual meeting.
- The expansion of the equity pool has triggered concerns regarding potential share dilution, weighing on the stock even as broader U.S. markets rally on tech and macro news.
- In addition to the equity plan update, shareholders confirmed the appointment of CEO Alisa Bowen to the company's board of directors.