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Breaking down meme stocks and AMC's surge: 'It's like playing a video game on your iPhone'

05:02

Risk Reversal Advisors Principal, Dan Nathan, and Ritholtz Wealth Management CEO, Josh Brown, explain meme stocks and movie theater chain AMC's latest stock surge fueled by social media users. "This is very different from other pump and dump scams," Brown says. "In this scenario, people are literally celebrating how ignorant they are."