Matt Levine’s Money Stuff: AMC Goes APE

APE

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. 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, ...