01-07-2025
- Business
- Wall Street Journal
A Hot New Firm Opened the Private Market to the Little Guy. Now it Is in Big Trouble.
In January 2023, the chief executive of the private stock investment firm Linqto announced a 'Spike Day,' a one-day sprint to boost sales to its customers—small investors looking for a shot at buying shares of coveted private companies.
'Take no prisoners,' the now-former CEO, William Sarris, wrote in an email to staff, reviewed by The Wall Street Journal. 'This is guerrilla warfare.'
