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It's that time again. Today on the show, we open up our hearts and our phone lines to hear the economic quandaries that are keeping you up at night.
We provide an answer to the following burning questions:
Q: I've been hearing stories about people buying the GameStop stock and I was just thinking when stocks go up, what happens with that money as far as the company is concerned? Do they make money off of that?
A: Planet Money's newest host Erika Beras answered this question by looking at AMC, which became a memestock earlier this year. Companies like AMC can use becoming a memestock to keep raising money — but only as long as shares stay high. AMC is even giving out free popcorn to keep its shareholders happy. So it is possible for a company to make money as a memestock, but it's unclear whether becoming a memestock is a good long term deal.