Adam Aron, the CEO of AMC, claims he was the victim of an extortion scheme that likely could have come as a result of some decisions of questionable judgment on his part.
Semafor’s Liz Hoffman published a juicy little tale about Adam Aron, the voluble CEO of AMC Theatres, the nation’s largest theater chain and a meme stock that recently crashed in spectacular style. The meme stocks craze began in 2021 and has seen better days. Shares of AMC traded at nosebleed levels, pushed by an oddly dedicated base of retail investors named the "AMC Apes," who thought a money-losing theater chain company would make them rich.
Pretty reckless stuff coming from a CEO who has to know occasional hits or the upcoming Taylor Swift special won’t do much to change AMC declining fortunes. More recklessness, according to Semafor’s Hoffman, went down in March 2022, during the waning days of the meme craze when Aron became a victim of a catfishing scheme. Hoffman wrote a Bronx woman somehow got Aron’s phone number and began texting him. He engaged her back and sent her explicit photos of himself. She then tried to blackmail him.
Another way: It was as reckless as "good dilution."
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