• MoviePass is losing $20 million a month - and starting to look a lot like a famous dot-com bust

    1 month ago - By Business Insider

    One of the lessons of the dot-com bust was that services that seem too good to be true probably are.
    Since it dropped its price to $10 a month, MoviePass, the subscription movie ticket service, has seemed to be just that - too good to be true.
    Executives insisted the service was rationally priced and the company was developing a valuable asset in its large and growing subscriber base.
    But documents released showed the company is doing just what skeptics suspected - losing gobs of money.
    Of all the companies that came and went in the dot-com boom and bust, the one I most regret not using...
    Read more ...

     

  • MoviePass is losing $20 million a month - and starting to look a lot like a famous dot-com bust

    MoviePass is losing $20 million a month - and starting to look a lot like a famous dot-com bust

    1 month ago - By Business Insider

    One of the lessons of the dot-com bust was that services that seem too good to be true probably are.
    Since it dropped its price to $10 a month, MoviePass, the subscription movie ticket service, has seemed to be just that - too good to be true.
    Executives insisted the service was rationally priced and the company was developing a valuable asset in its large and growing subscriber base.
    But documents released showed the company is doing just what skeptics suspected - losing gobs of money.
    Of all the companies that came and went in the dot-com boom and bust, the one I most regret not using...
    Read more ...