Spectacular Implosion At Helios And Matheson – MoviePass Runs Out Of Money To Buy Tickets, Borrows at 520%

We appear to be watching one of the more spectacular corporate implosions of recent times as Helios and Matheson crumbles in the face of economic reality. That harsh smack in the face by the universe being that you can’t keep selling something at a loss, as they seem to be with MoviePass. Eventually – or perhaps not so eventually – you run out of money. That being, in this private sector, when you get to stop doing things.…

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