AMC Theaters is still losing money as movie theaters around the world wait for more major blockbusters to arrive, but CEO Adam Aron was still very upbeat at Thursday’s earnings call, and the millions of Redditors and Robinhood traders that boosted his company’s stock earlier this year.
Aron said that over the past quarter, AMC has taken in approximately 3 million new shareholders thanks in large part to r/wallstreetbets, which picked AMC along with a few other companies like GameStop and Bed Bath and Beyond as targets to buy stock in given their status as companies that hedge fund groups were short-selling.
AMC Theatres CEO Gives Shout-Out to Redditors Who Boosted Stock: ‘I Work for Them’
Adam Aron and AMC will also each make a $50,000 donation to r/WallStreetBets’ ape conservation charity campaign
