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home / news releases / RDBX - Redbox Shares Might Be Going To Zero

RDBX - Redbox Shares Might Be Going To Zero

Redbox Entertainment Inc.
  • Redbox shares have plummeted after going public via a SPAC several months ago.
  • The DVD rental business is becoming irrelevant with new titles made available online and through streaming services.
  • Their attempts to expand into digital distribution are undifferentiated and unlikely to ever make a meaningful profit.
  • With $350M in debt and a shrinking business, there's no reason to expect a turnaround.

For further details see:

Redbox Shares Might Be Going To Zero
Stock Information
Company Name: Redbox Entertainment Inc.
Stock Symbol: RDBX
Market: NASDAQ
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