AMC jumps nearly 20% premarket as CEO Aron targets Robinhood tokens
AMC shares rallied nearly 20% in premarket after CEO Adam Aron criticized Robinhood’s efforts to issue tokenized real-world assets, including AMC stock tokens, and said he would not hesitate to pursue a legal battle.
AMC Entertainment Holdings Chief Executive Adam Aron said he has serious concerns about Robinhood Markets Inc.’s effort to issue tokenized real-world assets, especially tokens linked to AMC stock, and told Robinhood Chief Executive that he would be prepared to pursue legal action. Aron said, “I find this practice to b…”