- AMC CEO Adam Aron is well-known for speaking straight with traders and followers of the meme inventory.
- Lately, he is puffed up dogecoin, new commercials from Nicole Kidman, and Merck’s COVID-19 capsule.
- “The helpful implications for @AMCTheatres of this new anti-COVID capsule are mind-blowing,” Aron tweeted.
- See more stories on Insider’s business page.
Adam Aron has been ramping up his standing because the meme-stock generation’s leader on Twitter these days.
The AMC chief government officer, who has garnered a large following from retail merchants, has been hyping up Dogecoin, Nicole Kidman, and Merck’s antiviral capsule in numerous tweets. He is even caught the eye of Tesla’s Elon Musk and investor Mark Cuban.
In a Sept. 21 tweet, the AMC chief posted a Twitter ballot asking if AMC ought to begin accepting dogecoin together with different cryptocurrencies like bitcoin and ethereum by the top of 2021. The consequence? “Sure, for positive do it.”
Tesla CEO Elon Musk preferred the ballot, and billionaire investor Mark Cuban responded that Bitpay can settle for dogecoin. “I’m so delighted by the curiosity in #AMCandDogecoin!” Aron mentioned in a single tweet.
In another, he praised Musk. “I by no means thought I’d see this present day. @ElonMusk preferred my Dogecoin Twitter Ballot tweet. Should you occur to see this tweet too Mr. Musk, congratulations on Tesla and SpaceX.”
Then on Friday, Aron cheered Merck and Ridgeback Biotherapeutics seeking the US Food and Drug Administration’s approval for its antiviral COVID-19 pill that halved the danger of demise or hospitalization from the coronavirus.
“Wow, wow, wow… wow, wow. MOLNUPIRAVIR. The helpful implications for @AMCTheatres of this new anti-COVID capsule are mind-blowing and breathtaking … Oh, the miracles of contemporary medication. Thanks, @Merck! MOLNUPIRAVIR,” Aron wrote on Twitter on Oct. 1.
AMC was hit particularly hard by COVID-19, because the pandemic brought about film theaters to shutter and diverted new movie releases to streaming providers.
In an effort to get folks again to the films, AMC partnered with actress Nicole Kidman to make three 30-second commercials. Aron was excited.
“We had a world class crew on this effort. Oscar nominee Billy Ray wrote them. Oscar nominee Jeff Cronenweth filmed them. Oscar winner Nicole Kidman starred in them,” he mentioned in a September 28 tweet.
AMC has been a stalwart of the meme inventory motion this 12 months, and Aron has leaned into his function as an icon among the many Wall Avenue Bets crowd. For the hundreds of thousands of particular person traders gathering on social media who name one another “apes,” Aron is the “Silverback.”
He is reached out to them on YouTube and Twitter, and even provided investor perks like free popcorn. He additionally has pounced on investor curiosity and raised cash by a number of fairness choices this 12 months to assist shore up the steadiness sheet. The inventory has had an eye-popping run in 2021, rising over 1,600% and main some analysts to say the value is detached from reality.
On October 1, as #AMCtothemoon trended on Twitter, Aron reached out to his traders straight. “Sincerely and humbly, it’s the honor and privilege of a lifetime to work for therefore lots of you. YOU, who’re the homeowners of @AMCTheatres.”