I've lost everything investing in stocks in this shit company.
Bought when it was near $100 a share now it's down to 5 cents or something.
What the fuck do I do?
I've lost everything investing in stocks in this shit company
Maybe don’t invest in a shit company that loses more money the more people it signs up
i thought this was going to be like netflix
Did you really or did someone tell you it was going to be like netflix?
>watch a limited amount of movies per month from a limited selection
>pay the same as netflix
Whereas netflix offers unlimited watching of a wide variety of titles, sans sticky floors and $10 popcorn.
a friend told me it was exactly like netflix just with movie theaters
all you can do is learn from this horrible mistake, buddy
You should stop having friends.
>What the fuck do I do?
Pick up your pieces, and be proud of this lesson you learned. It will serve you well for the rest of your life.
What did we learn
>there is no recourse other than lawsuits which rarely pay out well for the common investor
>Know what you’re buying
>DO YOUR OWN RESEARCH
>DO YOUR DUE DILIGENCE
You're so stupid that you're a drain on society. Even including the fact that your money just flows to smarter investors.
so im out $15,000 with no recourse?
lol it never even came close to $100 a share, it was roughly around ~35 at peak. their gamey-shady 2500:1 switcheroo only made it look like the peak was a few thousand because all the apps fucked up
what?
Yes, basically. That is how the market works. When you invest something and it declines in value, you lose money.
I feel like i should add that, Moviepass' business model was that they paid full pruce to movie theaters for basically unlimited tickets for :tenbux: a month or whatever. If someone thought this was going to be a sustainable business with a bright future and invested in it, well, they'd have to be a special kind of retarded.
Go get it back from your friend, it's his fault. Sue him into the ground.
How the fuck would that even work?
Retards still invest in individual stocks?
lmfaoooooooooooo
Like amazon. In the first decade, they were making a small loss with every book sold, but compensated by the huge volume.
movies, i like movies
so if i hodl ill eventually get my money back?
Analysis of the business model makes the answer obvious.
netflix is also a shitty company but it's propped up by jews for propaganda purposes
shittier business model - political money = catastrophe
yes?
damn that puts nano and req to shame
THAT'S THE WAY THE WORLD WORKS BUDDY ENJOY BEING POOR
just HODL LMAO
You're kind of fucked, mate. I cancelled my moviepass subscription yesterday because, well, the party was fun while it lasted. This company is going to go bankrupt in a few months time.
This... this is a troll post, right?
its called normie gets into investing
and they said crypto was more risky than stocks
If it helps OP, you'd have to believe they can salvage something from this. HMNY just announced it signed up a few million more viewers right? That has extreme value in of itself.
Say, AMC theaters now starting to sweat Amazon, they will buy these viewers, and grandfather them in to their new plan. Give them their old price per month for a limited time.
3 million x 15 monthly = 45m extra to AMC monthly. Say cost to buy out HMNY is 100M. They make that cost back in 3 months.
If they even retain 66% at the new 20 dollars, then 20 times 2 million = 40 m x 9 months. Now they just made 360 million more off HMNY customers.
You will not make a killing however they will likely give you AMC shares and the new viewers and money is probably going to raise the share price from 12 to 18.
TL:DR someone will buy them for their userbase and you'll possibly do this in time to be somewhat bailed out.