‘Doomed’ theater chain AMC in the US has potential been saved from oblivion, with over half a billion US dollars of debt ($600 million) wiped out within a week. Great news for cinema-goers and movie enthusiasts who want cinemas to actually go back to after the pandemic. However the machinations of how this happened are the far bigger story, capping a volatile week on the stock market. (And yes, I have bought some DOGEcoin myself). In a nutshell – collective action by internet users has seen them gaming hedge funds and short sellers. Short-sellers & funds have lost $19 billion ... Read moreAMC cinema chain saved by Reddit meme stock trading – Is the internet about to crash the markets? The post AMC cinema chain saved by Reddit meme stock trading – Is the internet about to crash the markets? appeared first on EOSHD.com - Filmmaking Gear and Camera Reviews....
Published By: EOSHD.com blog - Saturday, 30 January, 2021