Friday, July 27, 2018

MoviePass suffers outage because it ran out of money, stock falls 70% in one day

Most of our readers should probably be familiar with MoviePass—if not for the company's movie ticket-accessing subscription service, at least for its presence in the news for the last few days. MoviePass owners Helios and Matheson Analytics Inc. recently performed a reverse-split for the company's shares to drive up stock prices, which backfired a bit. More recently, everyone's favorite $6.95 a month service ran into a bit of a snag last night, resulting in a date night-stopping outage.

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MoviePass suffers outage because it ran out of money, stock falls 70% in one day was written by the awesome team at Android Police.



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