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I am not sure if this is a legitimate argument because you can apply the same logic to Uber and Tesla.


Uber and Tesla sold traditional securities to accredited investors, the same way that everyone else normally does.


Except that they confirmed to laws and SEC regs and Kik didn't? That makes all the difference...


Uber "conformed to laws" is rich considering HN commentary on that company over the last 8 years...

(To be fair, the SEC is pretty much the one government agency that Uber did not piss off - it's just the IRS, FBI, DoJ, and almost every local government in America that they're in trouble with.)


Uber deserves to be burned to the ground just for the legal shenanigans it played, but if in this case they were above the board, then it's fair to say so.


It's not rich when we talk about the SEC here. Uber conformed to laws of the SEC. The other agencies are irrelevant to that discussion.




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