Now that MoviePass is dead, can we please start funding sensible businesses?

Now that MoviePass is dead, can we please start funding sensible businesses?
фото показано с : thenextweb.com

2019-9-14 04:18

Ding dong, the completely unsustainable witch is dead. As we reported earlier today, MoviePass is shutting down. It leaves behind a few now-useless cards, and several major VC funds out of pocket to the tune of $68.

7M. Make no mistake, this was a completely predictable turn of events. For over a year, MoviePass has struggled with cash-flow struggles, primarily because it had an utterly doomed business model. In short, it sold a product (movie tickets) for far less than it cost to acquire, with no concrete plans to reach profitability, save for vague postulations about “analytics” and “partnerships. ” At first,…

This story continues at The Next Web

.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

World Trade Funds (XWT) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Доступно / Всего 0 XWT

moviepass completely dead short cash-flow sold movie