What the Robinhood-AMC Fight over Tokenized Stocks Is Really About

The U.S. stock market is having a Napster moment—the Robinhood-AMC fight is just the beginning

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AMC clashes with Robinhood over tokenized stock offerings

AMC CEO Adam Aron and Robinhood CEO Vlad Tenev clash over tokenized stock offerings, sparking a debate that could reshape the future of tokenized

What the Robinhood-AMC fight over tokenized stocks is really about

Twenty-five years ago, a massive technological disruption changed the music industry for good. It came via Napster, a platform that let anyone share digital song files, and its sudden popularity upended a nearly century-old distribution model. In response, musicians like Metallica and Dr. Dre, along with their record labels, waged a fierce counter-attack, and drove […]

Robinhood Vs. AMC: Vlad Tenev Responds to Tokenized Stock Criticism

Robinhood CEO Vlad Tenev said public companies should not be able to veto tokenized stock products that create separate financial instruments without changing shareholder rights, issuer obligations, or a company’s official shareholder ledger. The comments, posted on X, responded to criticism from...

AMC Chief Asks Robinhood Whether Its Stock Tokens Are Fully Backed

AMC Entertainment chief executive Adam Aron asked Robinhood yesterday (Saturday) whether the shares backing its AMC stock tokens are still there once some are lent to short sellers. He put the question on X to Robinhood chief executive Vlad Tenev and chief legal officer Dan Gallagher.Aron called the token model "abhorrent" and said it turned investing into a "gamified business-oriented casino." Robinhood describes each stock token as a debt secu…