MoviePass is losing money. This isn't news — the venture hasn't been profitable since it started out. The hope is to eventually make money. That hasn't helped Helios and Matheson Analytics, though, which owns 92 percent of MoviePass. The company's stock price has been tanking, which prompted its board of directors to approve a reverse stock split that took effect at the end of trading yesterday. This hasn't improved matters yet; since opening this morning, shares have fallen nearly 40 percent.
Read MoreMoviePass parent company shares slip further following 1-for-250 reverse stock split was written by the awesome team at Android Police.
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