AMC Embraces Meme Stock Status, Promises Free Popcorn for the Apes, Shares Go to The Moon

AMC Embraces Meme Stock Status, Promises Free Popcorn for the Apes, Shares Go to The Moon


The apes will get free popcorn.

Not that they’ll need it.

After its movie theaters were shut and Wall Street left its stock for dead because of the pandemic, AMC Entertainment is embracing the horde of fanatical investors who shocked its shares back to life as part of this year’s “meme stock” buying spree.

The company said Wednesday it’s launching a program called AMC Investor Connect to stay in direct contact with those 3.2 million investors. It promised that it would provide special benefits to its investors—starting with free popcorn.

Shares doubled on Wednesday. Year to date, shares are up over 3,000 percent.

AMC was one of the stocks that gained popularity on the WallStreetBets message board, where people declared they “like the stock” and often describe themselves as “apes,” “degenerates,” and “retards.”

Many bought AMC stock early this year, even as professional investors ran away, and

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