AMC Goes APE
Also Musk vs. Mudge vs. Twitter, zombie pump-and-dump victims, Binance deepfakery, blockchain for banks again and the end of Hometown Deli.
My basic meme-stock corporate finance advice is that, if you are a public company, and people want to pay a lot of money for your stock for no real reason, you should sell it to them.1 If your stock is overpriced, you should sell it. This is good for your existing shareholders, because you are selling shares for more than they are worth, which is accretive. It is bad for the people buying the shares from you, because they are overpaying, but on the other hand they were going to buy the shares anyway from someone else on the stock exchange, so they might as well buy them from you instead.
While this feels right as basic high-level advice, there are some complications that can make it tricky. The US Securities and Exchange Commission, for instance, doesn’t love meme-stock issuers taking advantage of dumb prices to sell stock, so if you’re going to do it you have to warn potential buyers that the price is dumb. (This is not much of an impediment; the buyers don’t care.) In egregious cases — if for instance you are actually in bankruptcy — the SEC won’t let you do it at all.