‘Meme stock’ rally rescues AMC theaters from $600M debt

Re:‘Meme stock’ rally rescues AMC theaters from $600M debt by judge2020 on Saturday January 30, 2021 @11:35PM (#25975993)

Seasoned readers (or even those only on the sub for a few months) know that, but the influx of WSB readers is coming from average reddit users who are here for the get-rich-quick and "stick it to wall street" theme the GME squeeze has ignited. They'll be the ones disappointed and holding the bag once everyone, including WSB veterans, have cashed out.

[ Parent | on HN ]

Re:‘Meme stock’ rally rescues AMC theaters from $600M debt by vmception on Sunday January 31, 2021 @12:05AM (#25976163)

yeah but who cares and why do they care

I could be in my most empathic state after a heavy acid trip and still wonder where this unnecessary paternalistic attitude comes from

what do you guys want to happen, another paragraph added on page 73 of the regulatory disclaimers?

[ Parent | on HN ]

Re:‘Meme stock’ rally rescues AMC theaters from $600M debt by throwaway3699 on Sunday January 31, 2021 @12:32AM (#25976316)

They care because Wall St. fucked over the entire planet in 2008 and these guys are sat around, bored, probably with an extra stimulus lying around, and have been told they can destroy a few hedge funds via GME.

I don't know how realistic that is, but the message is certainly powerful.

[ Parent | on HN ]

Re:‘Meme stock’ rally rescues AMC theaters from $600M debt by kortilla on Sunday January 31, 2021 @02:42AM (#25976957)

> who are here for the get-rich-quick

That means you’re there to gamble. You can’t waltz in expecting 1000% returns in a few days and pretend you’re not gambling.

[ Parent | on HN ]