AMC’s Wild Ride, Endeavor CEO Post-Earnings & Twitter Blue Subscription Service
TechCheck
CNBC
4.5 • 66 Ratings
🗓️ 3 June 2021
⏱️ 44 minutes
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| 0:00.0 | I'm John Ford. |
| 0:00.8 | You're listening to CN welcome to Tech Check. |
| 0:27.6 | I'm Deirdrebello with Carl Kintania and John Fort. |
| 0:30.2 | Today, another volatile session for AMC as the company sells more shares and warns investors. |
| 0:35.9 | They may lose everything. Then Twitter launches |
| 0:39.5 | its new subscription service, what's included in Twitter Blue, and what isn't. And later, Endeavor |
| 0:46.1 | CEO Ari Emanuel, as the company reports its first earnings since going public. John? |
| 0:51.2 | Yeah, also this hour, thinking outside the boxes as Dropbox joins Box in |
| 0:56.5 | feeling outside activist pressure. And later, we discuss Apple's return to work plan and whether 30 |
| 1:02.8 | years ago, Apple might have been a meme stock. And take two gets an upgrade. Plus, we're also |
| 1:09.5 | watching growth tech names like C3 AI, Splunk, DoorDash, MongoDB, all having a rough start today with the NASDAQ |
| 1:16.5 | underperforming the rest of the market once again in what has been a busy morning for tech. Carl? |
| 1:22.5 | Yeah, although Dow has erased a 200-point decline earlier today, John. We're going to start with AMC. As Dee said, |
| 1:28.5 | another volatile session with the stock now down after an initial pop. Back to 45. The pre-market high |
| 1:34.3 | was 77, announcing it'll sell about 11.5 million shares in an 8K, warning investors about the |
| 1:40.4 | dangers saying, quote, be prepared to incur the risk of losing all or a substantial |
| 1:45.5 | part of your investment. Short sellers have dropped about $5 million on this trade in just a day, |
| 1:50.5 | although many are still in it. Nearly 18% of available shares are sold short, according to |
| 1:56.0 | S3 partners. Interesting, a lot of investors may be an AMC without even knowing it, as it along with GameStop, John, are the two biggest holdings in the Russell 2000. |
| 2:06.6 | I actually loved your, on the other hand, this morning, because the way they're interacting with investors in this retail constituency is double-edged. |
| 2:14.6 | It certainly is. I mean, people should understand that companies are |
| 2:20.0 | talking and saying what they're saying for the company's interest, not necessarily for the |
... |
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