Robinhood and AMC Clash Over Tokenized Stock Listing

AMC, the world’s largest movie theater chain, wants its tokenized stocks removed from Robinhood, and it’s causing a huge meltdown on social media.

AMC wants the tokens removed because they trade on Robinhood using its stock price and branding even though buyers do not actually own AMC shares. CEO Adam Aron argues that investors could mistake the products for real shares and says the structure…