Redbox (RDBX) Stock Down by 40%
Yesterday is not a good day for Redbox. Company's Stock Down by 40%.
In USA, redbox have over 38000 DVD kiosks. this is going against the trend of video streaming.
Redbox tried to enter in video streaming platform too. But they failed to attract the audience.
Redbox share holders only recieve slightly over 11 dollar per share. Thats the reason why redbox share down.
CSSE stock is now merge with the stock of redbox. It will help to up the stocks rate.
But if CSSE Stock down by any means, it will effect redbox shares too.
At the time, people are ignoring tobuy share of redbox.
This is certain to happen because video streaming is very popular and growing day by day.
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