They're fixing the stock market and giving Blockbuster a comeback. Redditors are our heroes. Last night, AMC Theaters stock was around $5, but when we woke this morning, it had surged to more than $15 a share. Stocks jumped when AMC announced they would not be going bankrupt, but the real push came from folks on Reddit who turned it into a "meme stock" to buy. And it's not just AMC. They also jumped on the Blockbuster stock bandwagon, trading the remnants of the lost company and causing BB Liquidating Inc. to rise 774% yesterday. This is unheard of for a company that only has one site left. This leads us to the big question... are Redditors the answer to save cinema? They're keeping a theater chain alive and putting their force behind a video rental store. They changed GameStop's fate and bucked a system that felt rigged. If the power is with the people, and the people have all connected on Reddit... what's next? The answer is much more complicated. Read More...
Published By: NoFilmSchool - Wednesday, 27 January, 2021