Openai Disavows Online Broker Robinhood Selling “Openai Tokens” Selling

Openai condemned the online brokerage company RobinHood for “Openai Takens”, saying they will not grant consumer shares in the company. The company said in a After xAdding that the symbols are not ownership rights and that they did not give approval for any transfer.

The statement deals with a recent step by Robinhood to provide European investors with access to what he calls a limited symbol of stocks on Openai and Spacex. “These symbols give retail investors indirect exposure to private markets, open access, and are enabled by a royal share of Robinhood in a car for purposes,” Rubenol said in it. Own x missive.

So what is the SPV vehicle? Robinhood suggests that he has special shares in Openai that you keep in a separate company, SPV, to isolate risk. Therefore, it provides investors an opportunity to buy symbols (mainly stocks) in this SPV and thus indirectly access to private stocks in Openai not available for retailers.

“They are not technically” property rights “… (but) The distinctive symbols are given effectively retailers for these private assets,” the CEO of Robinhood Vlad Teev wrote in A. After x. “Our gift is cultivated for a seed of something much larger, and since we announced, we have heard from many private companies that yearn to join us in the distinctive symbol revolution.”

Like SPVs somewhat common Techcruch It indicates this, but Openai is still not happy with the Robinhood symbols. If you are a qualified investor, think about jumping, consider that SPVs can be exaggerated Compared to basic private stocks. In addition, Openai has a terrible assessment compared to his profits and has not yet clarified how it will achieve its height in the sky Revenue forecast of $ 125 billion By 2029.