Comment Re:Chinese-owned AMC Theatres - what are they up t (Score 1) 31
Ain't capitalism grand.
Even grander with "chinese characteristics", as the Party which was in fact built on the idea of capitalists "buying rope" etc. might put it.
Turns out the Wanda Group from the PRC just sold most of its stake in AMC in the last week or two. Thanks for the ingenious news. Wanda apparently made quite a killing on their investment too.
These companies with volatile stock pumps and dumps apparently initiated by Reddit (also significant PRC ownership FWIW - the last time I checked anyway!) users/manipulators have interesting targets.