Once a darling of the disruption crowd, MoviePass is no more; the stock is valued at zero… CEO and CFO have departed, the Board has resigned en mass …. the courts are holding the junk that’s left.
Investors are eager to plow vast sums of money into companies that offer “disruptive” products and services. Often the basis of this disruption is investor-subsidized predatory pricing or cash-burn machines.… Read more