1851

<a href="https://www.popeyes.com/development?utm_source=1851franchise.com&utm_medium=article&utm_campaign=popeyes-offers-free-tendies-after-gamestop-amc-stock-trading-madness-2714896" target="_blank" rel="nofollow">Popeyes</a>, the fried chicken franchise best known for its dominance in the <a href="https://1851franchise.com/mcdonalds-reignites-chicken-sandwich-wars-with-challenge-to-popeyes-and-chick-fil-a-2714647">Chicken Sandwich Wars</a>, has thrown its support behind the Wall Street disruptors powering the wildest business news cycle of 2021 by offering free “tendies” to those who order online.&nbsp;"Wall Street has been turned upside down this past week when day traders found a way to outsmart the market," Popeyes told 1851 in an email. "Tendies is the word retail traders on websites like Reddit use to describe money or financial gain – and in our world it’s also short for chicken tenders. After the events of this past week, Popeyes®, the beloved fried chicken brand, wants to support retail traders and believes they ALL deserve tendies," the email continued.&nbsp;<figure class="media"><oembed url="https://youtu.be/V-T7qkOFqDc"></oembed></figure><h2>The Stock Story of the Century</h2>For those who missed the news as it broke, an all-out war broke out on the stock exchange between hedge funds and a new class of retail investors empowered by easy-to-use trading apps like <a href="https://robinhood.com/us/en/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=popeyes-offers-free-tendies-after-gamestop-amc-stock-trading-madness-2714896" target="_blank" rel="nofollow">Robinhood</a> and recent influxes of <a href="https://1851franchise.com/covid-19-stimulus-checks-when-to-expect-them-and-how-much-2714601">COVID-19 stimulus cash</a>.&nbsp;The retail investors, who mostly identify as members of a Reddit community, <a href="https://www.reddit.com/r/wallstreetbets/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=popeyes-offers-free-tendies-after-gamestop-amc-stock-trading-madness-2714896" target="_blank" rel="nofollow">r/WallStreetBets</a>, soundly defeated the seasoned pros in the first salvo of the battle.&nbsp;Hedge funders, acting on experience and a solid grip of market fundamentals, saw companies like Gamestop, a brick-and-mortar video game retailer usually found in malls, and AMC, a movie theater chain, hovering around bankruptcy as the pandemic caused lockdowns, business restrictions and a shift to e-commerce venues for both video games and movies. In what is standard operating procedure for hedge funders, these investors shorted the stock, essentially betting it would go down to zero.&nbsp;Unfortunately for them, the retail investors at r/WallStreetBets are huge video game and movie nerds.&nbsp;They bought shares of GameStop, AMC, and dying phone makers Blackberry and Nokia en masse, causing the price to jump. Not only did the hedge funders lose their bet that these shares would tank, they ended up having to buy the shares themselves to stop their losses as the prices for their shorts spiked.&nbsp;The result wasn’t pretty. It was a bloodbath that <a href="https://www.reuters.com/article/retail-trading-hedgefunds/goldman-sees-hedge-fund-exposures-close-to-records-ongoing-sell-off-risk-after-gamestop-swings-idUSL1N2K60GW?utm_source=1851franchise.com&utm_medium=article&utm_campaign=popeyes-offers-free-tendies-after-gamestop-amc-stock-trading-madness-2714896" target="_blank" rel="nofollow">Goldman Sachs called</a> “the largest active hedge fund deleveraging event since February 2009.” Hedge funders lost a ton of money, a few scrappy retail investors won big, and most traders who just piled on for fun probably lost money too as the sky-high shares crashed back down to earth.<h2>Popeyes' Pitch</h2>In the GameStop saga, David beat Goliath soundly. For Popeyes, this story proved too good to pass up.&nbsp;By tapping a “tendies” tile on the Popeyes app and entering as a promo code $GME, $AMC, $BB or $NOK, the ticker symbols for the “meme stocks” hedge funds got whooped on, customers can get a free 3 piece order of chicken tenders with a minimum order of $5.&nbsp;"Popeyes is taking the side of the people and hopes that by supporting the online community, it will inspire others to take a stand," the brand wrote.&nbsp;Popeyes isn’t the first fast-food franchise to position itself against the “elites,” and doesn’t seem to mind rubbing salt in the wounds of hedge funders. But as the worlds of retail and investment collide, expect to see more battles play out in the stock market, and more fast-food promotions trying to cash in on major news stories.

Popeyes Offers Free ‘Tendies’ After Gamestop, AMC Stock Trading Madness

1851 Franchise

The fried chicken franchise is cashing in on headlines with a freebie for online orders. 

popeyes-offers-free-tendies-after-gamestop-amc-stock-trading-madness

TruBlue Home Service Ally

Why TruBlue Is a Great Franchise Opportunity for Veterans

why-trublue-is-a-great-franchise-opportunity-for-veterans

BoConcept

 BoConcept Introduces Tivoli: A New Capsule Collection of Sculpted Coffee Tables by Designer Morten Georgsen

boconcept-introduces-tivoli-a-new-capsule-collection-of-sculpted-coffee-tables-by-designer-morten-georgsen

Fresh Coat

Chia-Chun Hsu - Veteran - Fresh Coat Painters - Decatur, Georgia - 1851 Franchise

Veteran Finds Franchise Success with Fresh Coat Painters in Decatur, Georgia

chia-chun-hsu-fresh-coat-painters

Sola Salons

High School Teacher Makes Daring Leap from Classroom to Multi-Unit Franchise Success

high-school-teacher-makes-daring-leap-from-classroom-to-multi-unit-franchise-success

Woodhouse Spas

This VP Left Corporate America to Become the First Franchisee to Make a Million Dollars in Revenue in a Year with Woodhouse Spas

this-vp-left-corporate-america-to-become-the-first-franchisee-to-make-a-million-dollars-in-revenue-in-a-year-with-woodhouse-spas

Buying a Franchise Masterclass

 Franchise Opportunities

Get Support Buying a Franchise

How to Buy a Franchise White Paper

How to Buy a Franchise

How to Sell Franchises

How to Grow a Franchise

Find a Franchise Supplier

1851 Franchise Opportunities

Franchisor News

Franchisor Power Rankings

FranCamp Mastermind Summit

Franchise Resources

Website Awards

Power Rankings

About 1851

Advertise on 1851

Contact 1851 Editorial

Terms of Use

Login

facebook

instagram

twitter

linkedin

youtube

Franchise HR Divide - How Franchisors and Franchisees Share Responsibility - 1851 Franchise

Navigating the HR Divide: How Franchisors and Franchisees Share Responsibility for Success

franchise-hr-divide

Chick-fil-A Emerges as the Leader in the U.S. Chicken Chain Industry

chick-fil-a-emerges-as-the-leader-in-the-us-chicken-chain-industry

Dine Brands To Open First U.S. Dual-Branded IHOP-Applebee’s Location

dine-brands-to-open-first-us-dual-branded-ihop-applebees-location

TGI Fridays Is the Latest Fast Casual Franchise to File for Bankruptcy

tgi-fridays-is-the-latest-fast-casual-franchise-to-file-for-bankruptcy

Franchise Group Files for Bankruptcy Amid Debt and Market Instability

franchise-group-files-for-bankruptcy-amid-debt-and-market-instability

FranchiseTimes: How the ‘Cultural Rebel’ Fuels Fans and Sales for Taco Bell

franchisetimes-how-the-cultural-rebel-fuels-fans-and-sales-for-taco-bell

Radiance Holdings Announces Bob Bell as Chief Financial Officer

radiance-holdings-announces-bob-bell-as-chief-financial-officer

Entrepreneur Partners with Hospice Caregiver to Open Griswold in South Bend and Elkhart, Indiana

entrepreneur-partners-with-hospice-caregiver-to-open-griswold-in-south-bend-and-elkhart-indiana

Veteran-Led and Family-Driven: Life-Long Papa Murphy’s Fans Bring the Franchise to Fayetteville, Georgia

veteran-led-and-family-driven-life-long-papa-murphys-fans-bring-the-franchise-to-fayetteville-georgia

Popeyes Offers Free ‘Tendies’ After Gamestop, AMC Stock Trading Madness

MORE STORIES LIKE THIS