FT News Briefing AMC butters up retail investors, Naomi Osaka shakes up sports media
Jun 3, 2021
AMC's quirky strategy of enticing retail investors with free popcorn led to a meteoric rise in its stock, pausing trading briefly. Meanwhile, the podcast discusses the alarming increase in ransomware attacks and their impact on the insurance market. Naomi Osaka's stand against traditional media coverage is reshaping athlete-media dynamics, highlighting a shift in power as athletes demand better representation. Additionally, there's an exploration of how Ghana aims to prosper through chocolate exports, blending finance, sports, and social change.
AI Snips
Chapters
Transcript
Episode notes
Ransomware's Insurance Impact
- The increasing frequency and severity of ransomware attacks impact cyber insurance.
- Insurers now scrutinize companies' security controls and may refuse coverage.
AMC's Popcorn Play
- AMC's share price surged after offering free popcorn to retail investors.
- This tactic aimed to engage their large retail investor base (80% of shares) and boost movie attendance.
Athlete Power Shift
- Naomi Osaka's French Open withdrawal highlights athletes' increasing power.
- She leveraged her platform to address mental health and challenge traditional media.