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.
Citadel Securities is on the top 10 list of hedge funds shorting AMC stock.
Anchorage Capital, who was also on that list just closed down after betting against AMC.
The hedge fund had an 18-year run.
There’s a major conflict of interest when the owner of all these companies is using them to pump propaganda to fit a nefarious agenda.
Citadel Securities attempted to bankrupt AMC Entertainment earlier this year but failed after retail investors saved the company.
Because AMC stock has a short squeeze set up, retail investors are not leaving until overleveraged hedge funds have closed their short positions in AMC.
Though the multi-billionaire has the power to influence these companies, the community has the power to expose these untrustworthy media platforms.
And that’s enough to raise awareness.
The Fall of Hedge Funds and FUD Media
Both hedge funds and FUD media platforms face intense scrutiny from investors.
Not only are hedge funds such as Citadel Securities causing financial turmoil for their clients, but financial news platforms are now being exposed as being tied to manipulation tactics.
What can the community do to fight against this manipulation?
It’s simpler than you might think.
By raising awareness.
The more people are educated, the more they will have a clear conscious of what news to consume and what financial path to follow.
These mainstream finance platforms have cost the public so much money.
By scaring them out of their money, they missed the opportunity to secure a position in AMC Entertainment when it traded low.
AMC stock is currently up more than 1300% year-to-date.
Share This News
Share this news to raise awareness.
Your voice is a weapon against the corruption in our financial system.
And a special thanks to Kat for bringing this information to my attention.
Together, the community will reshape how we invest, with honor and with integrity.