After taking credibility hit, Carta backs away from its secondaries business: "We have decided to prioritize trust"
Roughly 72 hours after a prominent startup customer complained that Carta was misusing information with which it was entrusted -- scaring many of Carta's tens of thousands of other customers in the process -- Carta is exiting the business that landed it in trouble with the customer. It's a dramatic turn of events for 14-year-old Carta, which originally focused on cap table management software but began over time to evolve into a “private stock market for companies” to ta...
Source: yahoo.com