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Moviepass Parent Company slumps low even after huge increase in subscribers

Moviepass, The very popular subscription based ticketing services which charges a $9.95 per month flat fee for one movie a day access has seen its parent company Helios and Matheson Analytics' stock fall to a low $0.40 a share with the entire company being valued at just over $24 million.

Moviepass has not been favored by Wall Street analysts on reports of its heavy spending while losing money to raise revenues which is really growing for the company.

Helios and Matheson Analytics can be deemed as one who wasn't prepared for the public market but the private market which tolerates temporary money loss in a road to a very profitable future with high valuations.

Moviepass has garnered many users for its service, Above 2 million in particular and Moviepass's CEO Mitch Lowe says the company is still going well despite the recent stock slump to this price of $0.40 after once trading at a huge price of over $38.






The company is currently adding 90,000 subscribers per week to its…

Grab launches bike, e-scooter sharing app GrabCycle



Ride-hailing company Grab is moving into the bike and e-scooter sharing business with a new mobile app that gives users access to bikes and devices from four operators, it announced on Friday (Mar 9).


To be piloted at Sentosa in the first half of this year before being rolled out at other venues, GrabCycle users can use shared bikes and e-scooters from Grab's mobility partners - oBike, GBikes, Anywheel and PopScoot.Users can pay using their GrabPay credit accounts which are linked to the main Grab app.


Singapore is the first country in Southeast Asia that Grab is launching the app in and there are plans for it to be available regionally as well, according to Mr Reuben Lai, head of GrabVentures. “Our focus is to test it out to make sure we get it right here and if consumers love it, then there’s nothing stopping us from continuing to expand throughout Southeast Asia,” he said.




"GrabCycle supplements the public transport network and is in line with the Government's commitment to build a greener and more liveable city," added Mr Lai. "With GrabCycle we move one step closer towards our vision of being a multi-modal platform with transport options to suit every need."


The ride-hailing company has also partnered with local supply chain company YCH to manage proper parking of GrabCycle bikes and devices devices at locations including Sentosa.





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