Being resurrected from the brink of bankruptcy was only the start of this entertainment saga.
More than 4 million retail investors betted billions on AMC's future as the entity was rocked and battered by COVID and content streamers.
Amassing on social media, these retail investors took AMC's shares price from $2.20 to $76.02 and the new 'crowd' investors ended up owning 80% of the company. Empowered by Robin Hood, Webull, and other online investment apps, that have made stock trading easy and cheap, the mob rescued the faltering movie house.
|Robin Hood founders: Vladimir Tenev and Baiju Phatt|