Lululemon shares fall about 17% after Q2 results

This week was a whirlwind of activity in the financial world. From Robinhood’s CEO defending tokenization to Lululemon’s stock taking a hit, there was no shortage of news. Here’s a quick recap of the top stories. Robinhood CEO Stands Up for Tokenization Robinhood Markets Inc. CEO Vlad Tenev defended the concept of tokenization after AMC Entertainment Holdings Inc. CEO Adam Aron accused the company of issuing unregistered stock-tracking tokens. Tenev argued that tokenization could bring the best of US capital markets to global investors, despite the traditional market infrastructure not being built for 24/7 trading or self-custody. Read the full article here. Lululemon Stock Takes a Tumble Shares of Lululemon Athletica Inc. fell by about 17% on Friday following the company’s Q2 results. Ross Gerber, co-founder and CEO of Gerber Kawasaki, described Lululemon as b...