AMC Stock Pops on Robinhood Feud, But 892 Million Shares Is the Real Dilution Story

AMC Entertainment Holdings, Inc. (NYSE: AMC) CEO Adam Aron spent Thursday blasting Robinhood Markets, Inc. (NASDAQ: HOOD) over tokenized shares tracking AMC stock, calling the products “contemptible,” “outrageous” and “vile.” Aron said Robinhood never sought AMC’s approval and that outside securities counsel would review the matter. AMC stock is moving. See the real-time price action here. AMC Share Count: 887,000,000 The tokens carry no ownership stake, and Robinhood CEO Vlad Tenev has already acknowledged as much, telling CNBC that the company’s stock tokens are “not technically equity.” Token holders get price exposure through a derivatives contract, not shares, voting rights or a claim on AMC’s balance sheet.