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Benzinga

Weekend Round-Up: Robinhood's Tokenization Defense, Lululemon's Stock Plunge and More

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Weekend Round-Up: Robinhood's Tokenization Defense, Lululemon's Stock Plunge and More
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The weekend roundup highlights several major moves across finance and tech. Robinhood’s CEO Vlad Tenev defended tokenization after AMC Entertainment CEO Adam Aron accused Robinhood of issuing unregistered stock-tracking tokens, arguing tokenization could extend U.S. capital-markets access globally despite limits in traditional infrastructure for 24/7 trading and self-custody. Lululemon Athletica shares fell about 17% on Friday following its Q2 results; commentary in the recap includes criticism from Ross Gerber and remarks from investor Michael Burry. Other items include reports of OpenAI agents linked to 15,000+ automated edits to a German-language wiki, SpaceX COO Gwynne Shotwell defending Elon Musk after a documentary comment, and several earnings beats: Dell, Broadcom, and Snowflake. The recap also notes Musk’s $3.5 trillion SpaceX revenue target by 2033.

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