I'm Julia Borsden, and you're listening to CNBC's Tech Tech.

Our show is live weekdays at 11am Eastern. Listen in. Good Thursday morning. Welcome to Tech Check. I'm Carl Cantania with John Ford, Deirdreboza, and Julia Borsden. Today, our first guest says Robin Hood is, quote, uninvestable as a number of big funds cash out their holdings after yesterday's

sudden rally. We're going to go under the hood on this week's volatility. Then Etsy getting

hurt in today's trade. Morgan Stanley, though, is turning bullish. The analyst behind that

call is going to join us this hour. And later, Warner Brothers Chairman and CEO and Sarnoff is

with Julia, and she'll wade into the streamers versus stars controversy, D.

And Carl, it's an all-time high for the NASDAQ, but a tale of Red Riding Hood this morning,

Robin Hood shares their plunging after the company announced that some existing shareholders,

think venture capital firms with big holdings in the company company would sell almost 98 million shares through convertible notes.

There was a big difference here from the meme stock sales we have seen over the last few months, though, like AMC.

Robin Hood will not get any proceeds from the transaction.

And while CEO Vlad Tenev championed retail traders during that IPO last week, big institutions like

Andresen Horowitz, N.A, and Ribbitt Capital, they're the ones cashing in on yesterday. Surge.

And Carl, they're also some of the names who rescued Robin Hood earlier this year during one of

its most controversial moments. Yeah, speaking, there's a lot of controversy around the name, obviously.

Our next guest, in fact, just initiated Robin Hood at Peer Perform in a note titled

Why Robin Hood is Uninvestable right now.

Warning clients don't buy the stock.

Wolf's Research, Stephen Chewback joins us today.

Stephen, good morning.

Good to have you.

Better? Stephen, do I have you? Yeah, I'm here. Can you hear me? Good to see you. Yes, I got you.

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