Daily Archives: June 11, 2024, 11:05 am

SEC Charges Founder of AI Hiring Startup Joonko with Fraud

The Securities and Exchange Commission today charged Ilit Raz, CEO and founder of the now-shuttered artificial intelligence recruitment startup Joonko, with defrauding investors of at least $21 million by making false and misleading statements about the quantity and quality of Joonko’s customers, the number of candidates on its platform, and the company’s revenue. According to the SEC’s complaint, Joonko claimed…

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Autodesk Faces SEC, DOJ Scrutiny After Internal Accounting Probe

The US Securities and Exchange Commission and the Department of Justice are probing Autodesk Inc. after the software maker reassigned its chief financial officer following an internal investigation into the company’s accounting practices. “The Company intends to cooperate with the SEC’s investigation,” Autodesk disclosed in a 10-K filed Monday afternoon. In addition, the US Attorney’s Office for the Northern District…

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Roaring Kitty – Bloomberg

I tell you what: If I could make the price of a publicly traded stock double just by tweeting a cartoon of a guy leaning forward in a chair, and if I could make hundreds of millions of dollars of essentially risk-free instant profits by buying loads of call options on the stock before tweeting that cartoon, I would: Do…

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The Gensler SEC Loses Again – WSJ

Talk about a rough few days for the Securities and Exchange Commission. The Fifth Circuit Court of Appeals last Wednesday blocked its private-fund disclosure rule. And the agency announced it is closing a regional office after getting sanctioned by a federal judge. Unsatisfied with his day job, Chairman Gary Gensler has been seeking to expand the agency’s power over America’s…

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In Defense of Meme Coins

I don’t necessarily think meme coins should be celebrated, particularly not for the reasons most often given. At this point in the cycle, it’s clear tokens – even “blue chips” like shiba inu (SHIB) or dogwifhat (WIF) – aren’t really bringing in new adopters; at least not yet. I think it’s dubious to suggest that the “communities” that form around…

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