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Entertainment Media/Telecom

MoviePass Parent Stock Plunges as Cash Woes Intensify

The MoviePass movie theater subscription service is looking shaky. The service’s parent company, Helios and Matheson Analytics, saw its stock plunge 11% to $2.27 on Friday, about half where it was a few days, earlier on news that it would sell $30 million in new shares at a cut-rate price. The offering is necessary because MoviePass has been bleeding money as it aggressively added subscribers...

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