AMC – Los Angeles Sentinel

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Black Investors Take Note: Reddit Rebellion Rescues GameStop Stock

Stacy M. Brown NNPA Newswire Senior National CorrespondentFebruary 11, 2021

The band of amateur day traders that interact with each other on the Reddit page WallStreetBets, encouraged whoever was listening to buy shares of the flailing GameStop, AMC, Macy’s and Koss stocks. Big investors, often in the form of hedge funds, frequently bet against struggling public companies using a process referred to as “shorting,” which allows investors to bet on the degree of misfortune a stock may experience and earn billions of dollars in profits as a result.

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AMC, Regal Theaters Reducing Seating Capacity Over Coronavirus

March 13, 2020

AMC Theatres and Regal Entertainment Group – the nation’s two largest movie theater chains — announced today that they are reducing their maximum capacity by at least 50% due to the coronavirus outbreak. Beginning Saturday and lasting through April 30, AMC will cap ticket sales for each of its theaters to an amount equal to 50% of the normal seating capacity. “With this action, we are facilitating the `social distance’ between guests who still want to see movies on a big screen,” said Adam Aron, CEO and president of AMC Theatres. The company added that they are enhancing their protocols