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entertainment media/telecom

MoviePass Parent Stock Plunges as Cash Woes Intensify

By
Matt Pressberg
· · Source: The Information

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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