AMC Entertainment on the other hand has beat earnings expectations every quarter since the beginning of 2021 when retail investors backed the company in an attempt to squeeze short sellers.
The company has been reducing its debt and increasing its value through a series of innovative and fundamental strategies such as the acquisition of several new movie theatre locations, the introduction of NFTs and cryptocurrency payment, and now the collaboration with online streaming platform giant Netflix.
The movie theatre chain recently partnered with Disney to offer Disney+ customers with exclusive perks such as special screenings at AMC movie theatres.
Is AMC Entertainment a sell?
Value investors would tell you otherwise.
InvestorPlace says now is the time to buy AMC stock as the company has come down dramatically from its all-time high.
Wall Street Journal just published a piece on the AMC community where the conflict of interest is only so obvious.
They refer to the community as a mob and disrespect AMC’s CEO Adam Aron by saying apes made the CEO “play by their rules.”
WSJ tries to discredit the CEO and portrays the community as an entirely different culture than what it is.
Come to find out, Ken Griffin actually owns Wall Street Journal, well sorta.
Let’s dive right into it.
Welcome to Franknez.com – the blog that fights FUD media. When the community is getting attacked you know we’re doing something right.
Let’s get started!
Now, we can’t be too harsh on the two writers who published this article.
Afterall, they’re just doing their job, right?
Who owns the Wall Street Journal?
The Wall Street Journal is owned by News Corp., a company where Ken Griffin’s Citadel has a stake in.
News Corp is Wall Street Journal’s parent company.
Not only do they have ownership of the Wall Street Journal, but they also own other DOW Jones assets such as the Dow Jones Newswire.
Other media brands by the DOW Jones include Barrons and MarketWatch, media companies who have been attacking AMC Entertainment all year.
All these finance media platforms are tied and owned by News Corp.
So, where does Ken Griffin come in?
Ken Griffin Owns Almost 1.4 Million Shares of News Corp.
CEO of Citadel Securities, Ken Griffin owns News Corp, the company that has ownership over Wall Street Journal, Barrons, MarketWatch, DOW Jones, and other media outlets spewing ill words of AMC Entertainment and its community.