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mazlix | 1 year ago
Aren't most investors in private companies privy to information that isn't entirely public?
I can see how this feels a bit different because DataBricks might be the size where it might trade with a decent amount of liquidity, but certainly in smaller rounds it's got to be pretty normal.
Maybe if she bought it secondary and the person from whom she purchased the shares was witheld this information they could sue?
bboygravity|1 year ago
There's only 1 explanation for this: they're getting inside info from lobbyists and such.
I don't care whether that's currently illegal or not. I don't care whether other types of investors also engage in that same practice. I just think that that's extremely wrong and corrupt and it blows my mind that both the US government and people think that this is totally OK (or don't know about it, which is even worse).