The chief executive of AMC Entertainment slammed Robinhood Markets after the online brokerage posted a message in error on Monday saying that the movie-theater chain had filed for bankruptcy, the Wall Street Journal reported. Screenshots circulating on social media showed Robinhood briefly issued a bankruptcy alert for AMC along with a message: “This typically happens when companies are close to running out of money or have trouble repaying their outstanding debts.” AMC in recent years has faced financial problems, though it has not filed for bankruptcy. Its stock became popular with individual investors during the meme-stock frenzy of 2021 and has remained a favorite among the cohort, with some believing the price has further to run. AMC’s chief executive, Adam Aron, called Robinhood’s alert “so ludicrous, so wrong, so irresponsible” in a series of tweets. He later posted a poll asking his followers about whether “we should sue.” (Subscription required.)
