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13

MoviePass parent company shares slip further following 1-for-250 reverse stock split

MoviePass is losing money. This isn't news — the venture hasn't been profitable since it started out. The hope is to eventually make money. That hasn't helped Helios and Matheson Analytics, though, which owns 92 percent of MoviePass. The company's stock price has been tanking, which prompted its board of directors to approve a reverse stock split that took effect at the end of trading yesterday. This hasn't improved matters yet; since opening this morning, shares have fallen nearly 40 percent.

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30

Alphabet posts huge 25% increase in revenue, investors shrug off impact of EU fine

Alphabet's second-quarter results were just released to investors, and although revenues are up 25% compared to Q2 2017, reaching $32.65 billion—comparing favorably to last quarter's results, too—it isn't all good news. Taking into account the effects of the recent $5 billion antitrust fine by the EU, net income is actually down significantly to ~$3.2 billion, a loss of 9.3% compared to Google's fine-extrapolated numbers for Q1 2017. That doesn't seem to have investors too worried, though, as the pre-fine numbers beat expectations by a large margin, driving up Alphabet's stock price in after-hours trading by 5%.

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