And it’s going to be quite public.”Īron said that will include more tweeting, and more appearances on places like YouTube, in addition to CNBC or Bloomberg. They love AMC,” Aron said on the call, adding that “you’re going to see a lot more outreach to literally millions of investors in our company. “Just go on Twitter, just go on Reddit, just go on YouTube, read what these people write. Not so with AMC’s Aron, who, based on Thursday’s call, intends to make appealing to the internet a priority for the company in the coming months. Cohen and the company’s board have rejiggered that company’s leadership, but otherwise have barely acknowledged the role online traders have played in the stock’s rise.
The video game retailer, which saw its stock rise from around $11 per share to nearly $350 during its Reddit-fueled peak in January, has since seen its share price settle, somewhat remarkably, at above $150 per share. The “Ryan” in this case is Ryan Cohen, the largest shareholder and incoming chairman of that other meme-stock, GameStop. When are we going to get this kind of investor relationship interaction out of Ryan?” added Inevitable Professor. Sure, he could pay someone to do it, but you know he wants to be among his ape family,” wrote user Crysus1026. “I would bet that AA is in this sub somewhere, just soaking it all in, and waiting for chances to send cryptic messages. “Above and beyond those cash donations, we already started discussing with the Fossey Fund other ways that AMC can be of help,” Aron added. Reddit’s WallStreetBets community members sometimes refer to themselves as “apes” and had over the past two months raised hundreds of thousands of dollars for the Gorilla Fund. That announcement sent the Reddit community to the moon, so to speak. “By definition, their interests and passions are important to AMC, their ambitions and passions are important to me.”Īnd with that, Aron discussed Gorillas in the Mist and announced that the company would donate $50,000 to the Dian Fossey Gorilla Fund, and that he would personally match that donation and join the charity’s Digit Society (named after Fossey’s favorite gorilla), making it a $100,000 donation in total. I work for them,” Aron said on the call of the “more than 3 million” individual investors that own AMC shares. “These individual investors likely own a majority of our shares, they own AMC. Indeed, Aron made no secret of the fact that AMC, and he himself, is totally on board with the online traders that have bought and memed the theatrical giant’s stock, helping to push it from $2 per share to over $20 per share in weeks. Snap Revenue Drops By 7 Percent During First Quarter As Net Losses Shrink
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