AMC (AMC) CEO Adam Aron is not worried about competitor Cineworld’s (CINE.L) bankruptcy announcement because, well, it has the “Apes” on its side.The executive called out the positive impact of retail investors — who call themselves “Apes” — who powered the stock during the COVID-19 pandemic. Aron emphasized that AMC is not in the same position thanks to retail investors “embracing” the company during that time.
Source: AMC CEO says retail investors saved company as Regal parent Cineworld files for bankruptcy