AMC was the wrong fukking company to fight in the midst of this pandemic. The people are eager to return to some semblance of normalcy, something that feels like 2019 and everything before the horror of 2020. What better candidate than AMC? With its movie theaters, it’s a staple of Friday evenings that’s about as American as it gets. The people - retail investors - rallied behind it, learning from the GME experience and heeding its lessons, taking on hedge funds who’ve now spent billions in an unsuccessful attempt to peel away the millions holding onto their shares.
This is going to be the biggest financial story of the decade, possibly our lifetimes, surpassing the 2008 recession and being something of a redemptive sequel to that crisis.