Wednesday, July 14, 2010

Blockbuster Forced to Quit NYSE

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Categories: Other, VOD/Streaming

Blockbuster fails to comply with the rules of the New York Stock Exchange and gets suspended from trading and will eventually be removed.

Blockbuster violated the rules by not keeping its share price over the minimum $1. The company tried to combine its class A and B shares to meet the minimum requirements, but were unable to do so.

Blockbuster, once at the top of the video rental business, is slowly dying a painful death thanks to an array of methods of renting/viewing premium content.

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