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Memestock

All articles tagged with #memestock

politics3 hours ago•34 min saved

Memestock Promoter Bill Pulte Named Acting DNI

The Bulwark argues that Bill Pulte, once a notorious memestock promoter who pushed Bed Bath & Beyond and even wore a bulletproof vest at BBBYQ events, has risen into Trump-era politics to become the acting Director of National Intelligence, despite no background in intelligence or national security. The piece chronicles BBBYQ hype, a family lawsuit, and his pivot into Trump-world, and it casts the appointment as emblematic of a broader pattern of ‘failing upward’ in Washington, raising questions about the DNI’s qualifications.

via The Bulwark|

#bed-bath-and-beyond #bill-pulte #dni

business-and-finance2 years ago•1 min saved

"AMC's Record Low Streak Continues Amid Share Dilution Fears and Box Office Woes"

AMC Entertainment Holdings Inc. saw its stock price fall for a fifth consecutive day, reaching a new record low of $5.15. This downturn continues AMC's departure from its peak during the meme stock craze in 2021. The company has been actively managing its significant debt through various strategies, including issuing new shares and converting special dividends into common stock. Despite these efforts, AMC's stock has plummeted by 84.8% over the past year, underperforming the S&P 500's 20.6% gain.

via MarketWatch|

##amc #business-and-finance

business-and-finance2 years ago•1 min saved

"AMC Stock Plummets to New Depths, Marking Continued Decline from Meme-Stock Peak"

AMC Entertainment Holdings Inc. has reached a new record low, closing at $5.30, marking a four-day losing streak. This downturn contrasts sharply with its peak during the meme-stock frenzy in 2021. The company has been actively managing its significant debt through various strategies, including issuing new shares and converting special dividends into common stock. Despite these efforts, AMC's stock has plummeted by 84.8% over the past year, while the S&P 500 has gained 23.1%. Analysts remain cautious, with most recommending a hold or sell rating.

via MarketWatch|

##amc #business-and-finance

business-and-finance2 years ago•2 min saved

"AMC Entertainment's Future: Navigating Post-Meme Status and Wall Street Predictions"

AMC Entertainment Holdings Inc.'s stock has continued to decline, reaching near record lows and moving away from its peak 'meme-stock' status achieved in 2021. Despite efforts to address its debt burden, including equity and debt fundraising, and a reverse stock split, the company's share price has significantly dropped. AMC's shift away from meme stock status is noted by analysts, even as the company has seen success with concert movies and remains focused on innovation according to its CEO. The stock's performance contrasts sharply with the broader S&P 500 index's gains over the past year.

via MarketWatch|

##amc #business-and-finance