that helps corporate IT departments connect their applications to big cloud-services providers run by the likes of Amazon, Microsoft, and Google.
A prominent securities law professor says that ad might run afoul of SEC rules against "conditioning" the market ahead of a stock offering—but for the fact that the ad itself doesn't say much. "I'm not sure whether to call it an exercise in post-modernism, abstract expressionism, surrealism, or just pure meta," says Joseph Grundfest, a Stanford law professor, a former SEC commissioner, and, for several years in the aughts, an Oracle board member.
Like many startups, but fewer 11-year-old software companies, C3 isn't profitable. It has racked up nearly $300 million in total losses, and in its filling it says merely that it will become "structurally profitable" in the long term., but they grew just 11% in the six months ending Oct. 31. That's not surprising given that for all of C3's name changes it remains focused on the energy industry, which has been suffering.
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