Matt Levine, Columnist

AMC Is Back Too

Meme finance, trading classes, Weiss Multi-Strategy, the CFTC as election cop, cross-selling wealth management and investment bankers as therapists.

May 14, 2024 at 6:29 PM UTC

By Matt Levine

Matt Levine is a Bloomberg Opinion columnist. A former investment banker at Goldman Sachs, he was a mergers and acquisitions lawyer at Wachtell, Lipton, Rosen & Katz; a clerk for the U.S. Court of Appeals for the 3rd Circuit; and an editor of Dealbreaker.

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So we talked yesterday about the GameStop rally, which appears to have been sparked by Gill rather cryptically returning to Twitter/X. Gill of course led GameStop’s January 2021 trip to the moon, and is closely associated with that company in particular. (There is a movie about it!) But I neglected to mention that AMC — whose association with Gill is pretty much “Keith Gill memed GameStop, and AMC was also a meme stock” — rallied hard yesterday, apparently on pure meme-stock sympathy.