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At the moment, Google is displaying MoviePass's parent company's market cap as only $189K [1]. Yahoo Finance is showing an even lower number, $141K [2]. If thes

At the moment, Google is displaying MoviePass's parent company's market cap as only $189K [1]. Yahoo Finance is showing an even lower number, $141K [2]. If these numbers are accurate, that's pretty astounding -- if you buy $2000 of shares on the public market, you'd own over 1% of the company! That said, I can't imagine they're actually correct, given the share volumes changing hands. Finance apps seem to have trouble with stock splits, share buybacks, post-IPO equity offerings and the like... is there no good data source for number of shares outstanding of a company? [1] https://www.google.com/search?q=NASDAQ:HMNY https://www.google.com/search?q=NASDAQ:HMNY [2] https://finance.yahoo.com/quote/HMNY?p=HMNY https://finance.yahoo.com/quote/HMNY?p=HMNY

schintan 8y ago
Bloomberg shows it as 542K, which I believe is fairly accurate.
mikestew 8y ago
You won't be able to buy $2000 worth of HMNY without driving the price up (EDIT: maybe not, at 350MM shares traded as of this morning; who the hell is trading this turd?). Then when reality kicks in and the price drops back down, you're sitting on shares even more worthless than they were today at $0.06. I mean, if you think you can turn it around, go for it. Some folks on HN could pay for it out of petty cash.
swarnie_ 8y ago
Its also a fantastic way to lose $2000. This company is dead, no questions about it.
- jermaustin1 8y ago
  It would be a fantastic gamble. With gambling comes the chance to lose a lot of money, but also a small chance to win a lot of money. I currently own around 2500 shares of HMNY, and it is a 100% gamble. I'm hoping someone better acquires them, or they bring in a better management team. But I dropped a total of $450 on these shares, so if I make $500, my gamble paid off. This company isn't invest-able, but it is gamble-able.

schintan 8y ago

Bloomberg shows it as 542K, which I believe is fairly accurate.

mikestew 8y ago

You won't be able to buy $2000 worth of HMNY without driving the price up (EDIT: maybe not, at 350MM shares traded as of this morning; who the hell is trading this turd?). Then when reality kicks in and the price drops back down, you're sitting on shares even more worthless than they were today at $0.06. I mean, if you think you can turn it around, go for it. Some folks on HN could pay for it out of petty cash.

swarnie_ 8y ago

Its also a fantastic way to lose $2000. This company is dead, no questions about it.

jermaustin1 8y ago
It would be a fantastic gamble. With gambling comes the chance to lose a lot of money, but also a small chance to win a lot of money. I currently own around 2500 shares of HMNY, and it is a 100% gamble. I'm hoping someone better acquires them, or they bring in a better management team. But I dropped a total of $450 on these shares, so if I make $500, my gamble paid off. This company isn't invest-able, but it is gamble-able.