The Problem With Robinhood’s Tokenized Stock Offering

Take your personal data back with Incogni! Use code BAGEL at the link below and get 60% off an annual plan: https://incogni.com/bagelNOTE: Richard does not hold any position (long or short) in Robinhood.Robinhood recently launched a new tokenized stock offering for private companies SpaceX and OpenAI...without the companies' approval. Today we dive into how the tokens work, the risks faced by investors, and implications for the broader finance industry.If you'd like to support the channel, you can do so at https://www.patreon.com/c/ThePlainBagel :)DISCLAIMER:This channel is for education purposes only and is not affiliated with any financial institution, although Richard does work as an employee for an investment manager. Richard Coffin does not provide recommendations on The Plain Bagel - those looking for investment advice should seek out a registered professional. Richard is not responsible for investment actions taken by viewers Learn more about your ad choices. Visit megaphone.fm/adchoices