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AMC
(AMC Entertainment Holdings)
AMC (AMC Entertainment Holdings) joined GME as a flagship meme stock during the 2021 retail trading frenzy, soaring from $2 to $72 despite pandemic theater closures. The world's largest cinema chain became a battleground between retail "APE" investors and short sellers.
AMC raised $1.8 billion in 2021 by selling shares to enthusiastic investors, avoiding bankruptcy. The company issued special "APE" preferred shares in 2022 (since converted to common stock). While AMC's fundamentals remain challenged (over $5 billion debt), its stock became a symbol of YOLO investing. CEO Adam Aron embraced the meme investor base through popcorn NFTs and shareholder perks.
AMC raised $1.8 billion in 2021 by selling shares to enthusiastic investors, avoiding bankruptcy. The company issued special "APE" preferred shares in 2022 (since converted to common stock). While AMC's fundamentals remain challenged (over $5 billion debt), its stock became a symbol of YOLO investing. CEO Adam Aron embraced the meme investor base through popcorn NFTs and shareholder perks.