AMC CEO: Elon Musk would be 'foolish' to destroy Twitter

·2 min read

Twitter power user and AMC (AMC) CEO Adam Aron is hoping for the best for the social media platform under the ownership of billionaire Elon Musk.

"I hope that Elon Musk runs it responsibly," Aron said on Yahoo Finance Live (video above). "He paid a lot of money for it. It would be foolish of him to destroy it. He is a smart man, and so hopefully he will do good things with Twitter."

Aron is viewed by some as a pioneer in Corporate America when it comes to using Twitter as a tool to communicate with investors, particularly in the retail trading community. The former lodging CEO has close to 280,000 followers and spends about one hour a day on the platform reviewing comments and sending replies to shareholders.

FILE - SpaceX owner and Tesla CEO Elon Musk arrives on the red carpet for the Axel Springer media award, in Berlin, Germany, Tuesday, Dec. 1, 2020.  Many people are puzzled on what a Elon Musk takeover of Twitter would mean for the company and even whether he’ll go through with the deal.  If the 50-year-old Musk’s gambit has made anything clear it’s that he thrives on contradiction.   (Britta Pedersen/Pool via AP, File)
SpaceX owner and Tesla CEO Elon Musk arrives on the red carpet for the Axel Springer media award, in Berlin, Germany, Tuesday, Dec. 1, 2020. (Britta Pedersen/Pool via AP, File)

Aron added he hasn't seen many changes to his feed since Musk took ownership of Twitter.

"Twitter is one of the most fascinating communication vehicles that our country has seen in many a decade," Aron said. "I receive literally thousands and thousands and thousands of inbound messages every single day, and I follow about 3,000 of our shareholders on Twitter because I want to hear what's on their mind."

When he isn't tweeting, Aron is presiding over the largest movie theater chain in the country.

Earlier this week, AMC reported that third-quarter sales rose 26.9% from a year ago despite a more muted box office release slate. Meanwhile, attendance increased 32.9% year-over-year and the adjusted operating loss rose to $12.9 million from a loss of $5.4 million a year ago.

Aron said he is seeing "frothy" advance ticket sales for the upcoming box office debut of "Black Panther: Wakanda Forever."

AMC stock rose 19% on Thursday as of midday trading.

Brian Sozzi is an editor-at-large and anchor at Yahoo Finance. Follow Sozzi on Twitter @BrianSozzi and on LinkedIn.

Click here for the latest trending stock tickers of the Yahoo Finance platform

Click here for the latest stock market news and in-depth analysis, including events that move stocks

Read the latest financial and business news from Yahoo Finance

Download the Yahoo Finance app for Apple or Android

Follow Yahoo Finance on Twitter, Facebook, Instagram, Flipboard, LinkedIn, and YouTube