Get Even More Visitors To Your Blog, Upgrade To A Business Listing >>

Former MoviePass Executives Knew Their Unlimited Plan Was Losing Money But Lied To Defraud Investors, Prosecutors Said

Former Moviepass Executives Knew Their Unlimited Plan Was Losing Money But Lied To Defraud Investors, Prosecutors Said

Prosecutors say that Farnsworth and Lowe were aware that MoviePass's $9.95 per month unlimited offer was a "temporary marketing gimmick to grow new subscribers."



from BuzzFeed News | Breaking News | Original Reporting | News Analysis https://ift.tt/s2dua5K
via IFTTT


This post first appeared on FRESHLY PRESSED, please read the originial post: here

Share the post

Former MoviePass Executives Knew Their Unlimited Plan Was Losing Money But Lied To Defraud Investors, Prosecutors Said

×

Subscribe to Freshly Pressed

Get updates delivered right to your inbox!

Thank you for your subscription

×