Showing posts with label MoviePass. Show all posts
Showing posts with label MoviePass. Show all posts

Thursday, March 22, 2018

Facebook Can STILL TRACK YOU Even If You Delete Your Account


Facebook’s latest scandals involving Cambridge Analytica and Barack Obama’s campaign team allowed to break the user rules is prompting many to ponder whether deleting their Facebook account is the right move. But Facebook can still track you even if you delete your account.


By connecting your Facebook profile to a third-party app, you’re typically also granting that app permission to access your data. You can check which apps your Facebook account is sharing data with by clicking here.


That includes your name, profile picture, cover photo, gender, networks, username and user ID. These apps can also access your friends list and any other public data. Once the outside parties have access to your data, they can then use it to track different types of activity.


Many popular apps such as Instagram, Spotify, Airbnb, and Tinder can be connected to your Facebook account. Just weeks ago, for example, MoviePass CEO Mitch Lowe bragged that the company stores “an enormous amount of information” about users, and even tracks where they go after the movie has ended. MoviePass is also among the many apps that can be connected to your Facebook. And that’s just the beginning.


According to The Daily Mail, taking Facebook quizzes from third-party services, or doing image generators (such as the ever-popular “What Would Your Baby Look Like”, or “What Would You Look Like As The Opposite Sex”), also often gives outside firms access to your data. While these are usually preceded by a pop-up asking permission to access certain parts of your profile, many users have taken to clicking through without thoroughly reading what they’ve just agreed to. Some users are now expressing their horror upon realizing they’ve granted permission to hundreds of third-party apps. Other apps that have experienced viral popularity over the last few years, such as Facetune and Meitu, can access your Facebook data as well.


One way to try and ensure that your data stays private is to request that your Facebook account be deleted, but that doesn’t protect the information that you have already supplied. Many users are willing to trade off the risk of supplying their data for the convenience of staying connected to friends and others on the social network. Others are not.


So what can you do to protect your data if you want to stay on Facebook?   To begin, visit the settings area of Facebook found via the drop-down arrow in the top right-hand corner of your profile page on the desktop version of the site. Then click on the apps tab on the left of the page and click “show all” at the bottom, then you can see, edit, and remove all the apps you’ve ‘consented’ to track your account.


Now, a likely vast list of all apps that can access and view your own personal data will be revealed.  To edit or remove these apps from your list of permitted platforms, simply hover the mouse over one of the options. Clicking the pencil icon will bring up the edit options and clicking the ‘X’ will bring up the option to remove it. For each app that has access to the data, users can go in and customize what permissions are granted to each app.


But this is all just the tip of the iceberg so far. Facebook has untold and even horrifying amounts of information about all of its users, even those who have deleted their accounts. We will do our best to update you on the newest ways to protect your private information online as more information continues to come out.

Friday, October 13, 2017

'Shocker' Of The Day: 'Tech' Company That Buys Movie Tickets For $10 And Sells Them For $0.33 May Not Survive

Over the past 4 weeks, the stock of a tiny New York based "IT service management" company, Helios & Matheson Analytics, Inc., has surged just over 1,300% after announcing plans to purchase a majority stake of an "innovative and disruptive technology company" called MoviePass at a $210 million valuation.


So how exactly does MoviePass, the "innovative" and "disruptive" tech powerhouse that it is, plan to change the entertainment world forever, you ask?  Well, apparently by paying movie theaters $10 a pop for movie tickets and then re-selling them to their own monthly subscribers for a small 97% discount, or roughly $0.33 each (in the worst case scenario). Per Bloomberg:





The company sells a monthly subscription that gives moviegoers a daily pass to movie theaters for $10 a month - though MoviePass is paying theaters full price for tickets, which can cost $10 apiece or more.



Genius plan, right? 


MoviePass


And while the company planned to supplement its top line with advertising revenue and deals with theater chains to share in concession sales, at least according to Bloomberg, a problem developed when its subscriber base ballooned from nearly nothing to 400,000 in a matter of weeks.  Unfortunately, at least when you"re business model is dependent upon selling your primary product at a 97% loss, the more "successful" you are the more money you lose.


And while the ending of this particular movie seemed obvious from the start, it apparently eluded Helios investors until today when the company announced that the business they just purchased 4 weeks ago may not survive...all of which sent their stock plunging by 40%. 





Helios & Matheson Analytics Inc., the backer of the controversial $10 MoviePass subscription, fell as much as 21 percent after warning the money-losing cinema service may not make it.



Helios boosted its support for MoviePass to $11.5 million from $5 million as part of an August deal to acquire a majority stake, according to a regulatory filing. At the same time, Helios said MoviePass’s auditors are expected to warn of substantial doubt about its ability to continue as a going concern.



Who knew that massive cash losses could be considered detrimental for a tech company?


MoviePass


Just to put this problem in perspective, lets apply some math to this case study on how not to run a business.  Lets assume that each of MoviePass"s 400,000 subscribers decide to see 2 movies each week (they"re entitled to one movie pass a day...but lets just assume they only use 2 per week) at a cost of $10...that"s a total cost of $32 million each month.  Now, each of those subscribers are paying $10 per month for their service which means MoviePass is collecting $4 million in revenue and burning $28 million every single month or $336mm per year...and that doesn"t even count their staff and other overhead expenses which we"re sure are considerable.  Does that sound like a business plan that might be of interest to you?


Meanwhile, even AMC, undoubtedly one of the biggest beneficiaries of the bizarre MoviePass business model, said that the company was "unsustainable."





MoviePass sparked an outcry in the movie business after cutting the price of its movie subscription plan to just under $10 from $30. That led to a flood of sign-ups that the company struggled to keep up with. The biggest movie-theater chain in the world, AMC Entertainment Holdings Inc., has said the plan is unsustainable -- because MoviePass is paying exhibitors full price for tickets -- and was looking to block the deal.



Sorry guys, only Bezos and Musk are able to sell products at a massive loss, in perpetuity, without investor backlash...