TrueCar lied to stock holders

TrueCar / Mgmt 8lullo1
Mar 25 4 Comments

About a year ago USAA made changes to their site which affected our traffic to the tune of maybe
negative millions in revenue. Truecar knew about the changes but failed to inform stockholders during the earnings call at the time. As a result, many C level share holders were able to "cash out" before anything was made public.

We are now deservedly facing lawsuits as a result.

Im an employee and lost about 50% of my equity due to their lies and deceit. Im pissed.

If you're thinking of coming here, don't

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TOP 4 Comments
  • Google GCS
    Let's put them in jail
    Mar 25 1
    • Intel / Eng DonaldDD's
      Why so lenient? Send them to the Texas cowboys for the death penalty, where they are tough on crime
      Mar 25
  • Appfolio / Eng CoolApple
    Sorry to hear that
    Mar 25 0
  • LinkedIn / Eng Eewt72
    Lock em up
    Mar 25 0