The parent of MoviePass, Helios and Matheson Analytics owns several businesses, prominent among those is MoviePass. MP has crossed 3 million subscribers and continues to grow at a rapid pace. Just as Netflix and Amazon bled for their initial years, MoviePass is hemorrhaging cash. They have made some moves to stop abuse and add additional price points (including peak pricing). At 12-13 cents a share, would you buy 10,000 shares ($1,200) in the hopes that as they turn around, that share could give you 10X return the minute the stock hits $1. Blue Apron is a classic example of a company that rebounded 3X in the last 2 months.
I don’t see MoviePass being successful. If there is enough demand theaters will just create their own version with more features, like we see AMC doing now.
Did you think Facebook stood a chance when Myspace was around? Did you think Google plus had the same chance at success that Facebook did? What about Twitter? Just three million users is troubling though.
MoviePass is nothing like fb google or twitter. MoviePass has no exclusive ownership. A venue could build a competitor and wall MoviePass out and they couldn’t do a thing.
So, we’re pumping and dumping here now too...
Hey Hey Heeey.
I would buy it mainly because it shows promise in data collection of movie goers for analytics.
What could be worth more than companies that lose money?
How is this treating everybody 😥
Hmm yahoo finance has been stuck at 1.35M for two days and Robinhood says under 400k but has said it most of today.
Are you a millionaire yet?
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MoviePass !== Netflix. Netflix owns infrastructure, distribution, and content. MoviePass owns?
What does Uber own? I try to look at the theaters like cars and moviepass as someone who gets them business. Not quite right, but I think they might come out of this shit soon
You’re looking at it wrong. Drivers are fungible and easily replaced. Movie theaters are not. They require a certain amount of infrastructure. Huge difference.