Figure AI sent cease-and-desist letters to secondary markets brokers
Brett Adcock, founder of Figure AI, claims his robotics startup is the top private stock in the secondary market, but the company has issued cease-and-desist letters to brokers running these marketplaces.
MAIN POINTS
- Brett Adcock claims Figure AI is the most sought-after private stock.
- Figure AI has issued cease-and-desist letters to brokers.
- The claim was made in a post on X.
- Brokers confirmed receiving the letters to TechCrunch.
TAKEAWAYS
- Figure AI is actively managing its stock's presence in secondary markets.
- Legal actions are being taken to control stock trading.
- Public claims about stock desirability may not align with company actions.
- The situation highlights tensions between startups and secondary market brokers.