AMC CEO Adam Aron Rips Robinhood’s Stock Token Model Again, Calls It ‘Abhorrent’ Gamified Casino
AMC CEO Adam Aaron questioned whether Robinhood stock tokens are truly 1:1. Aaron asked if tokens remain fully backed when underlying shares are lent to short sellers. He also criticized Robinhood for promoting the product in the U.S. despite sales restrictions. Aaron said the tokens undermine investor protections and called the practice “abhorrent.” AMC Entertainment … Read more