MoviePass Owner Tanks 60 Percent This Morning
July 30, 2018 at 15:08 PM EDT
Helios & Matheson (HMNY), owner of MoviePass, has tanked roughly 60% on Monday to a share price of $0.80 after users experienced service issues over the weekend. Last Thursday, Helios & Matheson had to borrow $6.2 million to make payments to theaters in order to keep its MoviePass business...
