Category: Business News (Page 1 of 2)

Cinemark Competes with AMC in New NFT Deal

Cinemark Competes with AMC in new Thor Love and Thunder NFT Deal with Disney
Business News: Cinemark Competes with AMC in new Thor: Love and Thunder NFT Deal with Disney

Cinemark is looking to compete with AMC Entertainment theatres in a new NFT deal it just made with Disney.

From Tuesday, June 28th, through Thursday, July 7th, rewards members will get a chance to win one of 1,000 NFTs for Marvel Studios’ upcoming Thor: Love and Thunder.

AMC Entertainment was the first company to release NFTs (non-fungible tokens) to their movie theatre guests upon the purchase of a ticket.

The largest movie theatre chain in the world has released a Spider Man No Way Home NFT, Jurassic World NFT, The Batman NFT, Lightyear NFT, and many more.

Shareholders also received a rare series one “I Own AMC” NFT.

Read how much those are worth here.

Here’s the latest market news.

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Cinemark teams up with Disney

Cinemark teams up with Disney in Thor: Love and Thunder NFT
Business News: Cinemark teams up with Disney in Thor: Love and Thunder NFT

“Cinemark is thrilled to collaborate with Disney on the release of these exclusive Marvel Studios NFTs for Thor: Love and Thunder,” said Wanda Gierhart Fearing, Cinemark Chief Marketing and Content Officer. – Box Office Pro.

The movie theatre industry has been steadily recovering ever since the pandemic struck the world in 2020.

Cinemark Holdings, Inc.’s total revenues for Q1 2022 increased by 303% to $460.5 million compared to $114.4 million for Q1 of 2021.

AMC Entertainment on the other hand earned $785.7 million in revenue during their first quarter of 2022, compared to $148.3 million in Q1 of 2021.

Cinemark’s marketing campaign to distribute Thor: Love and Thunder NFTs with Disney is a great move for the company.

However, AMC Entertainment continues to be the leader in the movie theatre industry, offering a more premium experience to its guests.

What are your thoughts on Cinemark competing with AMC Entertainment in the NFT space?

Leave a comment down below.

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Related: Will AMC Stock Go Up? [2022 Deep Dive]

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Here’s Why Mainstream Media Is Attacking AMC

Here's why mainstream media is attacking AMC
Why does mainstream media target AMC Entertainment?

If you’re new to the ‘ape’ community, you might be wondering why in the world is mainstream media attacking AMC.

It’s to the point where the shilling has become almost unnatural.

Why are they portraying Adam Aron a certain way?

Why are mainstream media portraying retail investors a certain way?

At first glance, snarky headings could potentially sway new investors from staying clear from investing in the world’s largest movie theatre chain.

But there is always the truth.

Here’s why mainstream media keeps attacking AMC Entertainment Holdings, Inc.

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Short and distort campaigns

The biggest way mainstream media is attacking AMC is through ‘short and distort’ campaigns.

Elon Musk said in a CNBC interview hedge funds have used short selling and complex derivatives to take advantage of retail investors.

The complex derivatives Elon is referring to could be an array of things such as options trading, HFT, swaps, borrowed stock, and even naked shares.

So, where does mainstream media play a role in all this?

The Tesla CEO says hedge funds will short a company, conduct negative publicity campaigns to drive the stock price down, then cash out and do it multiple times over.

This tactic is what’s known as “short and distort”.

Hedge funds impose their influence on corporate media such as The Fool, Wall Street Journal, and MarketWatch to scare people out of their money.

Here, writers get paid to write about a certain topic or narrative, hence the conflict of interest.

The Motley Fool: Forget AMC
The Motley Fool: Forget AMC

Here are a few titles published by one of the biggest participants in ‘short and distort’ campaigns, the Motley Fool:

  • Forget AMC: Is Clover Health the New Reddit Stock That Will Make You Rich?
  • Forget AMC Entertainment: These Stocks Will Make You Rich
  • Forget AMC and GameStop: These 2 Popular Robinhood Stocks Are Better Buys
  • Forget AMC: Consider This Streaming Stock Instead
  • Forget AMC and GameStop: This Stock Could Double Your Money

And the list goes on and on.

These types of headlines cost investors who didn’t take a position a lot of money.

While mainstream media warned investors of AMC, Franknez.com was saying to buy AMC when it was at $5 per share, the stock soared more than 3000% months later.

Hedge funds have always colluded with the media to drive share prices lower by publishing hit pieces speaking negatively of a company.

Not only has mainstream media attacked AMC with headlines but has strongly recommended the public to stay away from it.

Connecting the dots

Yahoo Finance AMC Stock
Yahoo Finance AMC Stock

AMC Entertainment stock has been one of the most viciously attacked stocks in the market.

This year alone, AMC has topped 16.5 million FTDs through May.

It’s no secret AMC was close to going bankrupt during the height of the pandemic.

A path to recovery seemed bleak – so short sellers naturally gravitated towards the stock.

The goal?

To short AMC Entertainment out of existence, profiting with no tax accountability.

But that vision was shattered when retail investors bought the stock en masse, forcing some shorts to close their positions and sending AMC’s share price to a new all-time high of $72 per share.

Mainstream media tried to derail investors from buying the stock throughout the entire journey.

See, MarketWatch, Wall Street Journal, Barrons, and other shill platforms are owned by News Corp.

News Corp. is the biggest news conglomerate in the world.

Citadel’s Ken Griffin, who just happens to have one of the top 10 institutions shorting AMC Entertainment, also has a stake in News Corp.

The conflict of interest is undeniable.

Other platforms partaking in short and distort campaigns include Yahoo Finance, InvestorPlace, and The Motley Fool.

Isn’t AMC over? Why does it matter?

AMC Short Interest

AMC isn’t over, which is why mainstream media continues to attack the century old movie theatre chain.

The short interest is still very high.

When AMC’s share price rose to $72 per share, its short interest dropped from 23% to 20%, and then to 14%.

AMC’s current short interest is back up to 22.63%, updated daily here.

And mainstream media will do whatever it takes to protect its clients.

They won’t touch topic on the short interest or address predatorial short selling strategies used to drive the share price down.

They’ve used AMC’s recovering fundamentals to bypass everything else.

But even then, AMC’s fundamentals have improved drastically, shocking Wall Street today.

The fact is AMC continues to be a short squeeze play in 2022, and mainstream media doesn’t want the public to know this.

Hedge funds already lost billions last year, with some even closing due to the damages caused by ‘meme stocks’.

Those who know, know.

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Related: Here's How Shareholders Can Trigger an AMC Short Squeeze

Tiger Global Parts Ways with Partner Who Caused Massive Losses

Tiger Global Sam Harland
Market News: Tiger Global parts ways with Sam Harland

Tiger Global just parted ways with Sam Harland, the partner responsible for sinking the hedge fund when it betted on Carvana.

The hedge fund suffered 52% in losses this year through May.

Their average cost basis is $105.80, more than five times the $24.27 level the stock closed on Friday.

Both Harland and Tiger Global Management declined to comment on his departure according to Bloomberg.

Here’s the latest market news.

franknez.com

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Hedge funds struggle to stay afloat

Hedge funds seem to be stranded on a sinking ship as losses accumulate this year.

One hedge fund who betted against GameStop is closing this month.

Last year many hedge funds were forced to cut their losses and throw in the towel on losing bets.

Tiger Global Management closed 2021 with a 7% loss.

They reported a 52% loss this year through May.

Tiger Management Losses
Tiger Global Management losses (blue) | Tiger Global Management News

The hedge fund may be on track for its worst year yet.

Earlier this year we saw Citadel and other hedge funds faced default on Russian bonds from tech company Yandex.

Investors tried pulling out $250 million from Coatue Management but the hedge fund couldn’t meet investors demands.

Aside from the shorting of ‘meme stocks’, hedge funds are also getting burned from tech stocks falling.

The NASDAQ has fallen nearly -32% this year-to-date taking down every major tech company down with it.

Amazon (AMZN) is down more than -37% this year, Tesla (TSLA) -45%, and Apple (AAPL ) -27.72%.

Carvana is down nearly -90%, one of the heaviest held assets by Tiger Global Management.

Tiger Cubs ditch positions

The Tiger Cubs alliance consists of Tiger Global Management, Lone Pine Capital, Coatue Management, Maverick Capital, Viking Global Investors and D1 Capital.

According to Bloomberg, majority of the Tiger Cubs stock picks are in tech stocks.

Tiger Global exited 83 positions depicted in the chart below and entered only 2 new positions.

Tiger Cubs ditch positions
Tiger Cubs ditch positions

The Tiger Cubs have been known for piling into the same or similar stocks primarily because they all had the same mentor.

Below is a list of only some tech companies the Tiger Cubs have recently reduced from their positions.

Big name companies include Carvana, DoorDash, Netflix, and Shopify to name a few.

Tiger Cubs Losses
Tiger Cubs Losses | Tiger Global Management News

These companies might have been extremely convenient during the pandemic lockdowns, but the truth is people are going out now.

Now that gyms are open to the public, people have no need for Peloton.

Netflix couldn’t replace the movie theatres, and so on.

Some experiences are simply irreplaceable.

And it’s showing in tech company stock.

I’d love to hear your thoughts on the matter.

Join the discussion in the comment section of the blog down below.

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Adam Aron Says There Are No Synthetic AMC Shares

Synthetic AMC Shares
Market News: AMC CEO says there is no reliable info on synthetic AMC shares

Adam Aron just took it to Twitter announcing they (AMC) have seen no reliable information on synthetic AMC shares.

The CEO said “inbound tweets ask over and over for a share count”.

He then said, “some of you believe the count is much higher. As I’ve said before, we’ve seen no reliable info on so-called synthetic or fake shares.”

Retail investors have been adamant about getting a proper share count due to the ongoing and excessive naked short selling of AMC Entertainment stock.

A share count could expose the overleveraged amount of ‘synthetic AMC shares’ and force institutions to take accountability by closing them – triggering a short squeeze.

There are many opinions going around in the community after the CEO’s announcement.

Let’s discuss it.

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Shorting in AMC never left

AMC Short Interest Ortex

Before we get into AMC’s synthetic shares, it’s important to note that AMC has accumulated more short sellers than ever before.

AMC has a current short interest of 22.90%, and more than 195 million shares on loan.

When AMC reached an all-time high of $72 per share, its short interest had dropped from 23% to 20%, then to 16%.

AMC’s short interest has been rising ever since that drop, giving the stock plenty of room to squeeze shorts from their positions.

So, shorts never really left, despite mainstream media calling the short squeeze play dead.

The conflict of interest between the media and hedge funds is something retail investors should all be aware about.

But most of you already know this.

Is Adam Aron really oblivious to the amount of shorting that has taken place in AMC Entertainment stock?

Or is he not allowed to speak on the matter due to the position he’s in as the CEO of the company?

Overstock CEO Patrick Byrne did, despite the ridicule and investigations he received.

The only difference is Adam Aron has an army behind him willing to support a fair market for all participants.

Similar to Gary Gensler, it is in my opinion that Adam Aron may simply be maintaining the status quo.

But I’m curious to learn what you think.

Proof of synthetic AMC shares

Adam Aron says they have not seen any reliable information on synthetic AMC shares.

But most of the proof are in the FTDs that accumulate every month when there aren’t enough shares to meet contractual obligation.

There have been more than 16.5 million AMC FTDs this year through May according to research.

Naked short sales and selling an asset without borrowing it first are two of the leading causes for failures to deliver.

These naked shares are the shares the CEO isn’t counting – or in other terms, what shareholders want him to investigate.

He stated on Twitter AMC knows only of 516.8 million shares.

And while shareholders know this legal count as well, it’s the ‘illegal’ synthetic AMC shares the community want brought to light.

But it seems the CEO isn’t interested in combating a corrupt market.

It seems he much rather remain focused on the business aspect, which too is understandable.

However, not meeting shareholder demands could have serious repercussions in the future.

Is Adam Aron risking AMC’s future by not tackling the problems shareholders are facing in the market?

I’d love to know what you think.

Leave your thoughts in the comment section of the blog down below.

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Confirmed: AMC Received Free Shares of National CineMedia

Market news and updates: CEO confirms AMC received 6 million shares from National CineMedia for free.
Market news and updates: CEO confirms AMC received 6 million shares from National CineMedia for free.

Adam Aron announced on Twitter AMC had received free shares of National CineMedia.

Barrons, a news site owned by News Corp. falsely claimed AMC purchased the stock of a failing company.

Shares rose for both AMC and NCMI stock on Wednesday.

The CEO stated the shares came to AMC because they’ve grown their circuit by continuously adding theatres last year.

AMC owns approximately 6 million shares of National CineMedia now.

National CineMedia is an American cinema advertising company.

NCM displays ads to U.S. consumers in movie theaters, online and through mobile technology.

The advertising industry is a huge industry.

Perhaps AMC begins to create a new revenue stream through the use of ads in their cinemas.

Other recent AMC news and updates

The movie theatre chain had incredible Q1 earnings results this year and also beat every quarter in 2021.

The company also acquired a 22% stake in Hycroft Mining (HYMC) in March as well as several movie theatres not only last year but this year too.

AMC Perfectly Popcorn brand is on schedule to sell across grocery stores, malls, and other retail stores by the end of 2022.

Adam Aron teased shareholders could see a stock dividend by the end of 2023.

AMC stock is currently on a downtrend as the SPY pulls the entire market with it despite positive news and fundamental improvements.

Shareholders continue to buy and hold the stock as they look to squeeze shorts from their positions this year.

The battle in the market continues.

Join the newsletter for more updates on AMC or read the latest market news and updates below.

Related: Ken Griffin Attacks: "Pension Plans Destroyed by Retail Investors"

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Ray Dalio’s Bridgewater Just Bought AMC Stock and Sold Tesla

Ray Dalio's Bridgewater Just Bought AMC Stock and Sold Tesla
BREAKING: Ray Dalio’s Bridgewater buys AMC stock for the first time; sells Tesla

Another institution has bought AMC stock and sold another high-profile stock.

Ray Dalio’s Bridgewater fund just bought AMC and GameStop and sold Tesla shares.

I was watching the multi-billionaire talk about the economy just yesterday with Tom Bilyeu.

Bridgewater wasn’t the only institution that increased their stake in AMC stock this first quarter.

The largest pension fund in America (CALPERS) purchased an additional 155,992 shares by the end of Q1 this year, totaling the number of AMC shares owned to 775,392 shares.

It seems institutions are bulking up on AMC shares right before executive order 14032 goes into effect.

Things are getting very interesting.

Let’s discuss it.

franknez.com

Welcome to Franknez.com – if you haven’t joined the newsletter, be sure to do that below. I’m publishing market news and updates daily.

Let’s dive right into it!

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Bridgewater buys AMC stock for the first time

Bridgewater buys AMC
Ray Dalio’s Bridgewater buys AMC stock for the first time

Bridgewater disclosed an AMC stake for the first time in its latest portfolio update.

Dalio and his team bought about 27,100 shares of the cinema chain, which were worth $667,000 at the end of March.

The fund disclosed around 4,100 GameStop shares worth $689,000 as of March 31.

The last time it listed GME stock in its portfolio was more than three years ago, at the end of 2018, according to Market Insiders.

Bridgewater owned about 25,500 Tesla shares worth $27 million at the end of December, and held the stock in all four quarters of 2021 but cashed out its Tesla stock the first quarter this year.

Ray Dalio is an incredibly smart person.

Why an institution like Bridgewater is bulking up on AMC and GameStop shares has to mean something.

The ‘ape’ community predicted the big price runups that happened in AMC last January and May/June and are expecting a bigger runup this year.

Are financial institutions catching up?

Executive order 14302 goes into effect soon

Executive order 14302 is going to prohibit financial institutions from using Chinese securities as collateral on June 2nd, 2022.

The last time Chinese collateral was prohibited on January 27th, and May 27th of 2021, AMC stock surged.

Is this why institutions such as CALPERS and Bridgewater are buying AMC stock?

And while CALPERS did not buy GME stock this first quarter, it did buy 70,600 shares of GameStop during the last quarter of 2021.

I wonder what Wall Street analysts have to say about this.

After all, they made it their life’s mission to derail investors from buying these ‘meme stocks’.

Something tells me ‘dumb money’ might not have been so dumb after all.

But I’m curious to know what you think.

Are institutions on board with the data that says AMC and GameStop have massive potential for a short squeeze?

Leave your thoughts in the comment section of the blog below.

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Related: CALPERS Increases AMC Stake, Sells Netflix Shares

AMC Dominates with Powerful Q1 Results: Highlights

AMC Q1 Earnings
Highlights: AMC Q1 Earnings 2022

AMC just had their Q1 earnings call for 2022.

The stock jumped to $13.25 after hours when the largest movie theatre chain in the world announced powerful earnings.

In this article I’m going to break down key moments of conference as well as the most important things you should know.

franknez.com

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Best 1st quarter in two years

AMC Q1 Highlights
AMC Q1 Earnings Call 2022

AMC Entertainment announced it had the best 1st quarter in two years when it exceeded market expectations.

The movie theatre giant saw an impressive $630 million improvement in revenue in Q1 and $233 million in adjusted EBITDA from over a year ago.

CEO and President Adam Aron was excited to announce Doctor Strange in the Multiverse of Madness was a massive success this past weekend.

The title leads Q2 to an incredible start as it became the biggest opening of 2022 and the second largest opening post pandemic to Spider-Man No Way Home.

Doctor Strange in the Multiverse of Madness made $187.4 million in domestic opening and $450 million globally.

Adam Aron shared that their historic market share of 22% grew to 26% in Q2 and believes this is just the beginning for what’s to come this summer and the rest of 2022.

Related: AMC Theatres: The Most Anticipated Movies Coming in 2022

AMC seated 39 million guests in Q1 alone

AMC Q1 Earnings Call 2022
AMC Q1 Earnings Call – AMC Q1 Highlights

CFO Sean Goodman announced that AMC seated 39 million guests in Q1 alone this year; it had seated 7 million guests in Q1 of 2021.

A whopping 32 million difference.

AMC Entertainment earned $785.7 million in revenue this first quarter, more than five times the revenue in Q1 of 2021 ($148.3m).

AMC finances are looking rather strong as guests continue to pay more for tickets and food and beverages.

The company also ended Q1 with $1.4 billion in liquidity.

This cash is allowing AMC Entertainment to go on the offense and reinvest money back into the company.

Earlier in Q1 we saw AMC acquire seven new Bow Tie Cinema movie theatres.

The movie theatre chain announced a quarter billion investment in new state-of-the-art laser projectors too.

The incredible thing is that AMC has been able to do this while significantly lowering their debt.

AMC repaid $45 million of deferred rent reducing their balance to approximately $272 million.

And they plan to reduce the deferred rent by another $125 million by the end of the year.

Quick updates

These are a few quick updates worth mentioning.

  • Financial reports suggest AMC is on a road to financial recovery from the impact of Covid-19.
  • AMC’s Perfectly Popcorn business is on schedule to enter the retail game later this year.
  • The company is currently doing product testing, research, and looking at new concepts.
  • AMC says the launch of an AMC credit card is going to be a lucrative business opportunity for the company.
  • 8 different NFT programs have been launched or are in the works of being launched so far, further fueling movie ticket sales.

Adam Aron acknowledges shareholders’ concerns with the market

AMC Q1 Highlights

During AMC’s Q1 earnings call, Adam Aron acknowledged a variety of retail’s concerns.

Some of these concerns included market injustices, short selling, and even dark pool trading.

In the earnings call conference, the CEO stated the following:

“I greatly appreciate that you care so deeply. Also, running a company with such broad interests as AMC, is an artform, not a science.

There is real wisdom in knowing what to do, and what not to do. In Knowing when to do it, and knowing when not to do it.

Having said that, you should not interpret silence as ‘inaction’. We are constantly exploring the smartest courses of action and I promise you that we will pounce, but only when the timing is right.

My every incentive is to think and to act like a shareholder to maximize the long-term value of AMC because like you, that’s what I am. I am an AMC shareholder above all else.”

I’m curious to learn what you think about these words.

Leave your thoughts in the comment section below.

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In case you missed it: Are Institutions Preparing to Close Short Positions in AMC?

Adam Aron Fights Fake AMC Token: Calls it a “Sham”

Adam Aron on AMC token
Adam Aron on AMC Token – CEO fights back

Scammers on social media have been pumping a fake AMC token by the name of xAMC.

Fake indeed because the pumpers claim to be part of the ‘ape community’.

However, the community can spot a grifter from miles away – big mistake.

The project’s name has been changed from “The AMC Token” to “The Apes Movement Community Token”.

These scammers are targeting the ‘ape’ community and AMC President and CEO Adam Aron has called them out stating, “we are fighting them hard.”

I was threatened to get sued by their ringleader after a voicemail was left on my business phone number, but more on that later.

I won’t release their name or voicemail, for now.

franknez.com

Welcome to Franknez.com – if you haven’t joined the newsletter, be sure to do that below. I’m publishing market news and updates daily.

Let’s dive right into it!

Join the newsletter to become part of an activist group fighting for market transparency!

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Adam Aron says they are fighting AMC token scammers

For over a month now the AMC token scammers continuously commented on various Twitter posts where AMC shareholders would engage in.

The scammers began to hype this AMC token in efforts to get AMC shareholders to buy the cryptocurrency.

So, who are these scammers?

I published an article weeks ago exposing them here.

A day later these scammers began to harass me on social media and the ringleader exposed himself entirely when he left a voicemail on my business number.

I was threatened to get sued if I did not take down my article exposing the grifters.

That was a big mistake because I now have their personal contact information and Adam Aron could be taking legal matters into his own hands.

Adam Aron said on Twitter:

“The AMC Token” (after our vigorous protest: “The Apes Movement Community Token”) is a total sham.”

“AMC Entertainment has nothing to do with this blatant violation of our registered trademark, and attempted theft of our name/reputation. We are fighting them hard. Don’t be fooled!

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Elon Musk Buying Twitter is A Great Thing: Here’s Why

Elon Musk Buying Twitter
Twitter accepts Elon Musk’s proposal – Market News

Elon Musk buying Twitter might have sparked some controversy.

Ladies and gentlemen, it’s official.

Twitter’s board accepted the $44 billion on Monday.

#ByeTwitter is trending as people oppose the ‘takeover’ by Musk.

But is Elon Musk buying Twitter the worst thing that could have really happened on the platform?

Here’s why the move could actually be a great thing.

franknez.com

Welcome to Franknez.com – if you haven’t joined the newsletter, be sure to do that below. I’m publishing market news and updates daily.

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Join the newsletter to become part of an activist group fighting for market transparency!

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Elon Musk seals Twitter deal

Elon Musk filed a Schedule 13D with the SEC earlier in April adjusting his proposal with Twitter.

He proposed acquiring 100% of Twitter in a $44 billion cash deal on April 14th to take the social media company private.

Elon advised that if the company did not accept his offer he would pull his 9.2 stake out of the company since both their values did not align for the public’s best interest, free speech as Musk has said.

The Tesla and SpaceX CEO became Twitter’s biggest shareholder when it acquired a 9.2 stake in the company.

He purchased more than 73.4 million shares according to the Schedule 13D filing.

Elon’s stake was worth roughly $2.89 billion when the market closed that Friday.

A week after the proposal was made, Elon exposed the Twitter board for not holding any shares of the social media company themselves.

Now the deal is officially sealed according to REUTERS.

What does Elon Musk want to do with Twitter?

Elon Musk says he wants to eliminate spam bots on Twitter as well as bring back freedom of speech on the social media platform.

This is an incredibly important part of the acquisition that has many avid users excited about the takeover.

Elon Musk has been a long-time advocate for freedom of speech and has also exposed injustices in the market.

He understands how the market is manipulated through what he describes as ‘short and distort‘ campaigns.

This is where media is used to create a negative headline on a stock and then short sellers attack it, profiting from the falling share price of a profitable and successful business.

Tesla has been a victim to this type of abuse in the market and Elon has created a disruption in the SEC by exposing this fraud.

But the SEC hasn’t done anything about the market manipulation, but rather investigated Elon Musk instead.

Similarly, what occurred with ‘meme stocks’ last year has retail investors fighting for market transparency as millions of investors have been cheated from their money.

The retail community finally feels like they have a giant on their side.

How will free speech be monitored on Twitter?

Elon Musk on Free Speech - Twitter Acquisition
Elon Musk on Free Speech – Twitter acquisition

Elon expresses during a TED talk that the Twitter acquisition is not for monetary gain but rather an effort to provide humanity with a platform where freedom of speech is not compromised.

In that TED talk, he mentions free speech will abide by laws so it is not lawless.

People against the acquisition think the social media are looking at the negatives rather than the positives.

A social medial platform that can no longer limit Twitter posts from being seen due to scandalous exposure allows the truth to be seen.

Elon Musk said on TED he’s big on the truth.

And those who support Elon Musk buying Twitter is too.

Elon Musk Twitter TED Talk – Elon Musk on Free Speech

What are your thoughts on Elon Musk buying Twitter?

The purpose of Elon Musk buying Twitter is to provide people with a social media platform that cannot be influenced by outside forces, which could potentially harm the narrative of the truth.

While people might argue that a man with so much money and power should not have more influence and more power, I disagree, depending on who wields that power.

Because there are currently people running the country who abuse this power.

And unlike Elon Musk, they are not for the truth.

I’d love to hear your thoughts in the comment section below.

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AMC Invests $250m in State of The Art Laser Projectors

AMC laser projectors
Business news: AMC Laser Projectors

AMC CEO and President Adam Aron just announced on Friday the movie theatre company spent a quarter billion dollars in state of the art laser projectors.

The world’s largest movie theatre chain also acquired 7 new movie theatres earlier in April.

The markets are currently bleeding and AMC is no exception, but I have a feeling all this bullish news is going to sling-shot AMC during a bull market.

Let’s talk about it.

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Adam Aron announces new state of the art lasers

AMC Laser Projector
Laser at AMC

Today Adam Aron announced “Laser at AMC”.

A quarter of a billion dollars were used to upgrade the move theatre experience for avid movie goers, according to the CEO.

AMC Entertainment is switching old projectors for state of the art laser projections.

The laser projections are going to provide guests with much brighter and sharper pictures on screen.

This is also the greenest environmental initiative in AMC’s 102 years, according to Adam.

The investment is going to elevate the movie experience for movie-goers and attract new guests to AMC movie theatres.

I’m excited to see AMC innovate and prove adversaries wrong as the company continues to grow and expand.

AMC leads the industry with increased acquisitions

AMC Entertainment acquired 7 Bow Tie Cinemas locations earlier in April.

Five of which are in Connecticut, one in upstate New York, and another one in Annapolis, Maryland.

The new movie theatres in Connecticut will double AMC’s presence in the state.

AMC also acquired several Cinemark Cinemas locations.

The theatre chain reopened Cinemark’s former lease as AMC Evanston 12 in Chicago earlier this year.

Last year the movie theatre chain took over the famous Gove and Americana theatres in Los Angeles.

Both of which were listed in the top 30 most successful movie theatres in the world.

Not to mention, the 22% stake acquisition of silver and gold mining company Hycroft (HYMC).

Read: AMC Theatres: The Most Anticipated Movies Coming in 2022

What innovations would you like to see within AMC movie theatres?

AMC Laser Projectors – Laser at AMC

AMC theaters is innovating in so many ways right now.

How can the world’s largest movie theatre chain create a larger experience for its guests?

VR? 4D enhancement with fragrances and other interactions?

Leave a comment below.

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