🎟 Can MoviePass Recover?
Technical troubles and an inconsistent product offering have taken a significant toll on user growth for #MoviePass. First-time downloads of the service’s requisite mobile app have plummeted 76 percent over the last three months, declining to an estimated 80,000 in August, down from about 330,000 in June.
The continued decline in the app’s user growth is reflected in the share price of MoviePass owner Helios and Matheson Analytics (HMNY), which was trading at more than $100 at the start of June, but had dropped below $1 by the beginning of August.
🚀 @PerspectiveIX via SensorTower.
❓ Which one do you prefer?
Technical troubles and an inconsistent product offering have taken a significant toll on user growth for #MoviePass. First-time downloads of the service’s requisite mobile app have plummeted 76 percent over the last three months, declining to an estimated 80,000 in August, down from about 330,000 in June.
The continued decline in the app’s user growth is reflected in the share price of MoviePass owner Helios and Matheson Analytics (HMNY), which was trading at more than $100 at the start of June, but had dropped below $1 by the beginning of August.
🚀 @PerspectiveIX via SensorTower.
❓ Which one do you prefer?
