Tom on why the meme stock with the loyalty program hates tokenization.
Tom: "The OpenAI thing and the AMC thing are very different."
"AMC is weirdly very sensitive about this because they have this very strong stockholder outreach and loyalty program."
"There's a whole program where you can sign up and they give you rewards if you're a verified stockholder."
"They whip up their whole angry army of AMC holders to go and vote and do these wacky corporate governance things."
"This guy probably saw this as, oh, no, you're severing this lifeline between me and my horde of retail investors who own AMC and are loyal to me."
"It's weird that AMC, of all companies, would be upset about it, given that they are one of the few US companies that has a very strong stockholder relationship program."