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'

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."

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

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Source: CNBC - 🏆 12. / 72 Read more »