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MoviePass Crashing After Briefly Running Out Of Money


MoviePass suffered a service outage late Thursday caused by it temporarily running out of cash. Its parent company, Helios & Matheson, said in May that it had enough cash to last over a year. The service was unavailable for many users late Thursday into early Friday, reports Business Insider. HMNY crashed more than 50% following the news of an emergency $5 million loan. Helios & Matheson, the parent company of MoviePass, said Friday that its ongoing cash troubles...

Added on the 27/07/2018 13:45:49 - Copyright : Wochit

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