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The move signals decreasing competition, which is good for industry profits.
FuboTV (FUBO 0.97%) has long struggled to make progress on profitability. Thankfully, easing price competition will help Fubo raise prices and not lose customers as a result. This video details the importance of Alphabet's (GOOG 1.25%) (GOOGL 1.14%) decision to raise prices.
*Stock prices used were the afternoon prices of March 19, 2023. The video was published on March 21, 2023.
A Fool since 2019, and a graduate of Cal State LA with a B.S. in Finance and M.A. in Economics. Parkev is an adjunct professor of Finance and enjoys reading about financial and economic history. You'll often find him writing about stocks in the consumer goods and technology sectors.
Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. Parkev Tatevosian, CFA has positions in Alphabet. The Motley Fool has positions in and recommends Alphabet and fuboTV. The Motley Fool has a disclosure policy.
Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through fool.com/parkev, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.
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