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The Hustle Daily Show
Keeping up with Carta
Jan 11, 2024
Carta, a $7.4B software company, faces allegations of misusing confidential data in addition to other controversies. Twitch plans to lay off 35% of its staff and Honda announces a new EV line. The hosts discuss the dominance of High Noon in the liquor market, the decline of White Claw, and challenges in selling alcohol. They also delve into the controversy surrounding Carta, data privacy, trust, valuation, and even share a beef stew recipe. The episode wraps up with podcast recommendations.
15:09
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Quick takeaways
- Carta's recent controversy highlights the potential misuse of customer data, damaging its reputation and trust.
- The series of controversies surrounding Carta, including lawsuits, toxic work culture, and poor customer service, raise concerns about the company's overall reputation and ability to maintain customer trust.
Deep dives
Carta's Misuse of Customer Data
Carta, a venture capital firm and software company valued at $7.4 billion, has come under scrutiny for misusing its customers' confidential data. The issue arose when a salesperson from Carta's subsidiary contacted an angel investor from Linear claiming to have a buy order for their shares. The investor had never publicly disclosed their investment, leading to suspicions that Carta used its cap table information to connect potential buyers with shareholders. This controversy adds to Carta's history of controversies, including lawsuits alleging sexual harassment and claims of poor customer service. Carta's CEO, Henry Ward, admitted the employee's violation of internal policies and announced the company's exit from the secondary's market to avoid conflicts of interest.
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Discover
highlights
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