AMC Entertainment (NYSE: AMC) , the well-known theater chain, was on the ropes as a result of the pandemic. However, the company was able to sell stock, raising more than $300 million, as shares were driven higher by investors on the WallStreetBets subreddit, using the #SaveAMC. "Any talk of an imminent bankruptcy for AMC is completely off the table," said CEO Adam Aron.
On this clip from Motley Fool Live , recorded on Jan 29 , "The Wrap" host Jason Hall and Fool.com contributors Danny Vena and Brian Withers discuss the theater chain's troubles and whether WallStreetBets saved AMC.
For further details see:
Did WallStreetBets Save AMC?