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Not even Elon Musk thinks he can fix MoviePass

Business Insider logo Business Insider 8/1/2018 Bryan Logan
Elon Musk wearing a suit and tie© Bill Pugliano / Stringer / Getty Images

Elon Musk, the billionaire CEO of Tesla, SpaceX and the face of several other burgeoning Silicon Valley enterprises, has a demonstrated penchant for solving problems.

The ailing movie-ticketing app MoviePass is not one of them, as noted in a brief exchange between Musk and a Twitter user on Tuesday.

When asked whether he could fix MoviePass, which has experienced a roller coaster of outages and a cash shortage, Musk said no.

Tech journalist Lance Ulanoff chimed in: "Seriously, no one can fix MoviePass."

Here's how that exchange went down:

MoviePass has been on a wild ride of late, due in part to the company burning through massive amounts of cash. It temporarily ran out of money days ago, prompting service outages.

Parent company Helios and Matheson Analytics borrowed $5 million to get the service back online, and on Tuesday, it announced it would raise the monthly subscription price for MoviePass to $14.95.

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