Figure AI sent cease-and-desist letters to secondary markets brokers

AI Analysis

Figure AI, a robotics startup founded by Brett Adcock, has made a sensational claim on X that it is the most sought-after private stock in the secondary market. However, the company has taken drastic measures to protect its interests, sending cease-and-desist letters to at least two brokers who run secondary marketplaces. These brokers have stated that Figure AI is indeed a highly sought-after company, but it remains to be seen whether this claim is genuine or just a marketing ploy. The reaction from these brokers suggests that there may be some truth to the claim, but more information is needed to verify its accuracy. The situation raises concerns about the transparency and legitimacy of the secondary market. If Figure AI's claim is not substantiated, it could have serious consequences for investors who may have been misled or even lost money. A thorough investigation is necessary to determine the validity of this claim and prevent potential harm to investors.

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Original Article

Last month, Brett Adcock, founder of a robotics startup Figure AI, claimed in a post on X that his company “is now # 1 most sought-after private stock in the secondary market.” But the company has sent cease-and-desist letters to at least two brokers who run secondary marketplaces, those brokers told TechCrunch.These people said Figure […]

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