Discussion

• @gidmk @gidmk on bluesky

  It sounds like the company owns OpenAI and SpaceX shares and is allowing users to purchase a digital IOU for these shares which in itself is an asset that may or may not increase in value.  Also there is no verification that Robinhood actually owns the shares, and the IOU may not…

• @mattrosoff Matt Rosoff on bluesky

  Golden age of fraud: “The real prize is that if you utter the magic word “tokenized,” that could let you sell private stock to the general public.  It could let companies sell stock to the general public without complying with US disclosure rules.” www.bloomberg.com/opinion/news.…

• @edzitron.com Ed Zitron on bluesky

  Okay, so Oracle claims to have signed an unnamed $30bn-a-year customer that would “bring in revenue starting in 2028.”  It basically has to be OpenAI, right?  They're the only tenant in Abilene's Stargate data center.  Quick question: how does OpenAI afford that?  —  archive.is/R…

• @openainewsroom @openainewsroom on x

  These “OpenAI tokens” are not OpenAI equity. We did not partner with Robinhood, were not involved in this, and do not endorse it. Any transfer of OpenAI equity requires our approval—we did not approve any transfer. Please be careful.

• @s4mmyeth @s4mmyeth on x

  It makes sense that there's probably indirect exposure to the underlying private shares through a third party agreement ( like this) However probably a legal disclaimer from OpenAI should their be a dispute around ownership, as ultimately entitled to the name on the share

• @chatgpt21 Chris on x

  I'm actually proud for what RobinHood is doing here actually sticking to the name of the company. Providing people a chance to track the private gains that only accredited investors have access too through a token Bring it to the US @RobinhoodApp ! [image]

• @teslaart3 @teslaart3 on x

  @amitisinvesting ... The point to be careful about is that any LP needs openAI's permission to transfer their shares. This is a gray area since the shares aren't technically transferring but I could see this being contested and decided in court or SEC.

• @waymoproblems @waymoproblems on x

  @MaartenDik @RobinhoodComms Yea it's legit. They're phantom shares. The issue is OpenAI is a non-profit which means they should have never been allowed to issue private equity to begin with but that will prob change now that they've had their entire team poached by meta because o…

• @merts_eth @merts_eth on x

  @solidintel_x Doesnt matter its a free market and they're synthetic tokens Imagine being some HNWI holding early OpenAI shares and now your exit liquidity is a French college student buying sOPENAI on Arbitrum. This is either the most efficient capital unlock in history or a lega…

• @mikeisaac Rat King on x

  i am old enough to remember pre-ipo facebook having to deal with SecondMarket and SharesPost popping up to give access to trading pre-ipo company shares and that eventually forcing IPOs of companies that were dragged past the “500 shareholder rule” https://www.venturecapitaljourn…

• @mikeisaac Rat King on x

  finance is basically all insane now and crypto is like no longer even gonna be regulated at all i guess so i suppose me being surprised is naive but still wild. even the companies themselves are fighting it (robinhood juiced its stock price, too — all time high yesterday)

• @mikeisaac Rat King on x

  wait lmao robinhood's new product are tokenized via a special purpose vehicle they own a stake in okay someone point me to the SPV of these stocks lol [image]

• @chooserich Nick O'Neill on x

  Is Robinhood going to get sued for selling tokens of a brand that didn't approve of them doing so? This had to be expected... Also, this is something that will get escalated to the SEC.

• r/wallstreetbets r on reddit

  OpenAI says Robinhood's tokens aren't equity in the company

• r/smallstreetbets r on reddit

  OpenAI says Robinhood's tokens aren't equity in the company