MoviePass Parent Company Sees Stock Plunge as Cash Runs Out

Helios and Matheson says it will sell stock to keep MoviePass afloat and that it enacted changes this month that it expects will save the company about 35 percent on those hefty costs it has been racking up. The changes include initiatives designed to cut down on users sharing tickets and to prevent them from seeing the same movie twice.

Source: MoviePass Parent Company Sees Stock Plunge as Cash Runs Out

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