AMC CEO Slams Robinhood Tokenized Shares as Stock Jumps 21%
AMC CEO calls Robinhood tokenized equities 'outrageous' amid 21% overnight stock gain, echoing OpenAI's earlier objection.
AMC chief executive Adam Aron described Robinhood's tokenized shares offering as 'outrageous' and unauthorized.
AMC shares rose 21% overnight following the statement.
OpenAI had previously criticized the identical Robinhood tokenized equities practice, stating it did not approve the transfer of its shares.
What remains unknown
The exact terms or scale of any Robinhood tokenized AMC shares remain unstated.
No regulatory filing or response from Robinhood has been confirmed.