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In a blog post Monday night, Carta chief executive officer Henry Ward said the company will stop its work in secondary share trading, a business it was pushing into alongside its service managing startups investor information, or cap tables.
The tiff began on Friday when Karri Saarinen, CEO of software startup Linear Orbit Inc. and a customer, posted a complaint that Carta had used its knowledge of the companys investors to approach one of them via email about selling Linear shares on the secondary market.
The chief executive officer of Carta Inc. said the startup was investigating customer allegations that it misused their data while also accusing the customer…
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