Former CEOs of MoviePass and Parent Company Charged in Securities Fraud Scheme (justice.gov)

"In addition, Farnsworth and Lowe allegedly made false claims that HMNY possessed and used technologies – like “big data” and “artificial intelligence” platforms – to generate revenue by analyzing and monetizing the data MoviePass collected from subscribers. However, the indictment alleges that Farnsworth and Lowe knew HMNY did not possess these technologies..."

this was like the original gamestop/amc meme craze