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Comment by jedberg | Hacker News Reader

They used confidential information to figure out who to email and set the price. The breached the trust their customers put in them to keep their data private.

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So you are willing to deny Carta the ability to generate profits because you do not think that confidential financial information should be used to set prices on some financialed instruments and commodities. Did I get that right?

If their business is to be a safe place for confidential data it does seem a bit strange to be shocked that someone would dare deny their right to give away the confidential data for fun and profit.

If I had a contract with you to keep something of yours safe, and you found out I sold it, would your response be something like “behold the power of the free market”?

What's your opinion of banks?

Not without permission from the owner of the confidential information. I don't think that's controversial.

It is controversial if you are a free market supremacist like myself and believe that the market should be setting any and all prices. Removing market inefficiencies is what capitalism is all about and preventing the trading of pre-IPO shares seems like a very glaring inefficiency for setting the actual price of Linear.

I never said anything about preventing the trading. I said Carta should not steal information to set the price. Even a free market supremacist should understand the moral hazard of using stolen information to set prices.

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