The company notified subscribers that it plans to close down the service because its “efforts to recapitalize MoviePass have not been successful to date.”
The request shows the committee is ramping up an antitrust review as federal regulators and attorneys general from 50 states and territories are prepping their own probes.
“I liken it to giving the keys of a sports car to a 12-year-old,” said Tara Falcone, a certified financial planner and the founder of ReisUP, a financial education company.
French investigators have since 2015 been investigating Google’s tax set-up. The company declares profits from activities across the E.U. in one country, usually a low-tax state.
California lawmakers passed a landmark bill on Wednesday that threatens to reshape how companies like Uber and Lyft do business.
Google Project Zero researchers said last week that five security flaws led to a “sustained effort to hack the users of iPhones in certain communities over a period of at least two years.”