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MoviePass Shares Skyrocket After CEO Reveals Interest in Blockchain Technology

Shares of MoviePass majority owner Helios & Matheson Analytics Inc. HMNY, +29.33% rose as much as 39% from Tuesday’s close during trading hours on Wednesday. Helios & Matheson Chief Executive Ted Fanrsworth said he and MoviePass Chief Executive Mitch Lowe have been exploring the possibilities of blockchain technology for more than a year, according to a report by Yahoo Finance. Farnsworth said they have been in discussions with lawyers about the possibility of an initial coin offering.

Source: MoviePass majority owner shares skyrocket after CEO shows interest in blockchain technology: report – MarketWatch

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