MoviePass experienced a major outage after the parent company Helios + Matheson Analytics ran out of money on Thursday.
MoviePass had a hard weekend. And Monday was not better.
The app for the popular ticketing service experienced a nationwide outage in several areas, as noted by multiple users on Twitter.
MoviePass is a service that allows subscribers to pay flat fee every month to watch multiple movies. For $ 9.95 a month, the service promises that movie fans can watch a movie daily and unsubscribe at any time.
Last Thursday MoviePass experienced a temporary loss of service because the money ran out. The company announced on Friday in a Securities and Exchange Commission that it had borrowed $ 5 million to pay its "dealer and fulfillment processors" to correct the service interruption.
Over the weekend, users were battling with the Twitter app complaining that they could not buy tickets for the latest "Mission Impossible" movie. This caused the app to publish an apology on Twitter on Twitter.
Monday was a terrible day for the troubled company on the stock market. The MoviePass parent Helios and Matheson Analytics started the day at just under $ 2 a share and saw themselves plundered by 60 percent to 80 cents per share broke. Last Wednesday, the stock went up by $ 14 after a 1: 250 stock split.
With this bad score, the company risks having the exchange begin on December 18th.
MoviePass and HMNY did not immediately respond to a request for comment.
Follow USA TODAY Intern Ben Tobin on Twitter: @TobinBen
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