'Inexcusable, Vile': AMC Chief Executive Slams Robinhood Stock Tokens -- WSJ
Dow Jones2026/09/04 21:17By Shradha Dinesh
What's the most likely cause of the latest internet spat between two high-profile CEOs? Tokenized stocks, of course.
AMC Entertainment chief executive Adam Aron criticized Robinhood Markets' Vlad Tenev on X after the broker launched AMC stock tokens. AMC is among more than 190 companies and ETFs that are now linked to tokens registered by a Robinhood subsidiary on an island roughly 3,000 miles from the U.S.
Tenev's response: "What's the concern?"
Among Aron's criticisms: Jersey, the largest of the Channel Islands, isn't subject to U.S. securities laws. He also noted that third-party tokens interfere with a company's ability to raise capital since they are derivative products, and that token investors don't get a true stake in a company's equity and associated shareholders' rights.
"This quasi-fake market you are creating on the island of Jersey sows distrust amongst the public about financial markets in general," Aron wrote.
The AMC CEO called the practice "contemptible, outrageous, disgusting, detestable, inexcusable, vile," and said the movie-theater operator doesn't have any connection to or condone the offerings.
Tenev's response? "We stand behind Stock Tokens."
This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).
(END) Dow Jones Newswires
September 04, 2026 17:17 ET (21:17 GMT)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
AERO price prediction – Identifying the next short-term target for the altcoin
Swiss Franc remains near 16-month lows as rate hike odds lift US Dollar
Rapid rise in real interest rates, Goldman Sachs warns that 'systematic selling pressure' in US stocks is building at quarter-end
Goldman Sachs believes that the rapid rise in real interest rates has exerted more direct pressure on the US stock market, with rate-sensitive sectors such as small-cap and financial stocks being particularly affected. On the liquidity front, Goldman Sachs estimates that pension funds may sell around $3.3 billions in equities at the end of the month and quarter, and that CTAs may sell about $530 million worth of Russell 2000 index futures in the coming week. For the market, unless the issues of oil and interest rates are resolved, the AI narrative is "almost irrelevant."
USD/JPY falls below 157! The yen becomes the strongest G-10 currency, with the market betting on another rate hike by the central bank next month.
On Wednesday, the yen strengthened against the US dollar, with the USD/JPY rate falling below the 157 mark, as repeated warnings from the Japanese government regarding exchange rates and end-of-quarter capital flows provided support for the yen.
Crypto prices
More
