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Even Elon musk doesn't think he can fix MoviePass
Elon Musk , the billionaire CEO of Tesla, SpaceX and the face of several other burgeoning Silicon Valley enterprises, has a demonstrated penchant for fixing problems.
The ailing movie-ticketing app MoviePass is not one of them, as noted in a brief exchange between Musk and a Twitter user on Tuesday.
When asked whether he could fix MoviePass, which has experienced a roller coaster of outages, and a cash shortage,
@elonmusk can u fix moviepass
— #1 samir (@samir) July 31, 2018
Here's how that exchange went down:
MoviePass has been on a wild ride of late, due in part to the company burning through massive amounts of cash. It temporarily ran out of money days ago , prompting service outages.
Parent company Helios and Matheson Analytics borrowed $5 million to get the service back online, and on Tuesday, it announced it would raise the monthly subscription price for MoviePass to $14.95.
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