Manage episode 294643374 series 2517988
The deal was too good to be true, because it was: A few years ago, MoviePass started offering users unlimited movie tickets for $10 per month. It was an unworkable, growth-focused business model even more extreme than most startups subsidizing post-recession online life, and MoviePass knew it. A Federal Trade Commission investigation found all sorts of shady tactics the company used to keep its most movie-addicted viewers from getting tickets. We’ll talk about it, plus electric trucks, game show history and a new ocean (??) on this not-so-hollowed-out Thursday.
Here’s everything we talked about today:
- “Amazon Faces Possible $425 Million EU Privacy Fine” from The Wall Street Journal
- “Five Former Treasury Secretaries: Fund the IRS” from The New York Times
- “MoviePass Deceived Users So They’d Use It Less, F.T.C. Says” from the New York Times
- “Museum to Create a National Archives of Game Show History” also from the Times
- “Farewell, Millennial Lifestyle Subsidy” from, you guessed it, the New York Times
- “National Geographic adds 5th ocean to world map” from NBC News
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