What happened Shares of sports-centric streaming-TV company fuboTV (NYSE: FUBO) fell 37.3% in March, according to data provided by S&P Global Market Intelligence. The company reported positive financial results early in the month. However, it then had two big drops for unrelated reasons. So what Investors could initially celebrate fuboTV's strong finish to 2020, in which it reached nearly 550,000 subscribers. However, investors bid fuboTV stock up in 2020, optimistic about the company's plans to monetize its user base by offering sports betting directly on its platform. So, much of its stock price reflected that optimism. But on March 3, sports-wagering platform DraftKings signed a deal with DISH Network, spooking fuboTV investors. Basically, investors see increasing competition in the space and wonder whether fuboTV has an edge. Image source: Getty Images. Later in March, fuboTV stock sold off because of an odd situation with a hedge fund. According to IPO Edge, Archegos Capital was a heavily leveraged hedge fund that received a default notice from lenders. Ultimately, the lenders forced the hedge fund to liquidate positions, offering them to the market in enormous blocks all at once. FuboTV stock was supposedly among the stocks Archegos Capital was forced to liquidate. By offering shares in a huge block like this, the market was essentially flooded with supply of fuboTV shares and not enough demand to meet it. For that reason, the stock fell hard late in the month. FUBO data by YCharts Now what It's been a wild ride for fuboTV shareholders to say the least. From early October to late December, the stock was up almost 600%. Now it's down roughly 65% from December highs. March merely added to the recent pain. On the one hand, volatility is normal with the stock market. On the other hand, fuboTV is an extreme example of short-term volatility. While I can't predict what will happen with fuboTV's stock price in the coming weeks, I can say that good long-term investments need to have businesses that are performing well. FuboTV shareholders get their next opportunity to see how the business is doing when it reports results for the first quarter of 2021 on May 11. 10 stocks we like better than fuboTV, Inc.When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and fuboTV, Inc. wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of February 24, 2021 Jon Quast has no position in any of the stocks mentioned. The Motley Fool recommends fuboTV, Inc. The Motley Fool has a disclosure policy.Source