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AMC will let customers pay in Ethereum and Litecoin by the end of the year

[Fortune, Getty Images] AMC is expanding its cryptocurrency interests. The movie theater chain has announced it will begin accepting Ethereum, Litecoin, and Bitcoin Cash for online ticket sales and concession payments by the end of the year. The announcement comes just over a month after AMC announced it would begin accepting Bitcoin. CEO Adam Aron dropped […]

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AMC files to sell 11 million shares — stock immediately tanks

[CNBC] AMC Entertainment on Thursday filed to sell 11.5 million shares of its stock.Shares of AMC turned negative in premarket trading on the news, giving up a big gain.AMC said it plans to use the money from the stock sale for “general corporate purposes,” which may include paying down existing debt and acquiring theater assets.“We […]

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AMC, Gamestop: Meme stocks roar back, fueled by Reddit-inspired traders

[Yahoo! Finance] In January 2021, the rise of retail investing and the subreddit r/WallStreetBets sparked a broader speculative movement in a few stocks that ended up disrupting trading at brokerages and culminating in a Congressional hearing. And after a relatively quiet few months, the so-called meme stocks are back in a big way. The movement’s mascot, GameStop (GME), ended the week up […]

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