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. They became obsessed with conspiracy theories about the stock, such as an evil cabal of hedge funds wanting to destroy the company.