A Slack director is in hot water with the SEC for saying the company, which just filed to go public, 'will be one of the most important tech companies in the world'

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 51%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

Slack says one of its directors made 'unauthorized statements' which may violate 'quiet period' rules in its IPO.

Slack director Chamath Palihapitiya made"unauthorized statements" in a TV interview, the company disclosed in an SEC filing related to its IPO.

His comments appeared to violate"quiet period" rules that govern companies that have filed to go public. "You know, one of our biggest investments is a company called Slack, and I still think to myself, why did we not just lead every single round and write the entirety of the fund into that company," he said."It was obvious from day one that Stewart Butterfield is an iconic CEO, and that Slack is going to be one of the most important tech companies in the world."

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Should've pulled a Musk...y'know; be white.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in BUSÄ°NESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

No settlement expected in $27 million SEC 'market manipulation' case, court filing saysFlorida businessman Barry Honig appears to no longer want to settle with the SEC in a case it called 'classic pump-and-dump schemes,' according to a Tuesday filing. Why drag Derek Jeter into this?
Source: CNBC - 🏆 12. / 72 Read more »

More American workers take one for the teamU.S. job creation accelerated in April, trimming the unemployment rate to a 50-year low of 3.6 pct. Yet wage growth remains modest and other data suggest slack in the labor market. Employees getting less than their historical share is the price for keeping the recovery going.
Source: Breakingviews - 🏆 470. / 51 Read more »