Reddit proved that there is strength in numbers and that the big and powerful Wallstreet elite are vulnerable. I do not think that what happened with Gamestop was a one time fluke event! There is real potential to level the playing field and bridge the gap between the super-wealthy and the average Joe, retail investor.
WHAT IS REDDIT MISSING? HOW COULD IT BE MORE POWERFUL, IMPACTFUL AND HAVE ETERNAL STAYING POWER?
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While the intent of Reddit is admirable pooling together to save AMC theaters in my humble opinion was misguided. The movie theater business is a dying model that will probably no longer exist in the next 5 -10 years, not in its current form. It may be a harsh thing to say, but AMC will not be a growth story; it's going to be a downsizing story. Meanwhile, in a sense,what Redditt team has succeeded in doing as an unintended consequence is they gave an undeserving CEO and executive team golden parachutes and allowed the controlling company to exit the stock completely for a profit and temporarily delaying the ultimate demise of a business model that has extremely high capital requirements, that is going to be competing with have movies streamed directly to you home when they are released from the studio. I do not have to wrestle with someone I do not know over who is going to control the arm rest, I do not have to worry about the next Covid like outbreak or some lunatic shooting up the theater. I can have friends over cook up some steak and lobster crack open a couple bottles of wine and it would still be cheaper than going out to the theater and ordering some popcorn and nachos and a couple of soft drinks. Does anyone honestly believe that the CEO would be doing a webcast the Reddit guys if Covid never happened? What is my point? Where am I going with this? Watch my video below and you will find out. I promise you that by the end of the video you are going to see Wallstreet, and investing in a whole new and exciting light. At least that is what I am hoping will happen,
