"Carta's Credibility Crisis: Startup Stock Sales Scandal Sparks Industry Upheaval"

Carta, a multi-billion dollar cap table management company, is facing criticism for using sensitive client information to target startup investors for its private stock exchange business, CartaX, without their consent. Leaked emails reveal that Carta marketed shares of other startups, including unicorn startups, without their permission. CEO Henry Ward claims it was an isolated incident, but concerns about conflicts of interest and misuse of client information persist, with former employees alleging they were fired for raising similar concerns.