OpenAI Might Have Lucrative NDAs
Also sports gambling limits, Stripe, stablecoins and memecoins.
I never give investment, legal or job advice around here, but I did once write:
And I am kind of proud of that trade? The theory here is that the US Securities and Exchange Commission has a whistleblower protection rule that says that “no person may take any action to impede an individual from communicating directly with the Commission staff about a possible securities law violation, including enforcing, or threatening to enforce, a confidentiality agreement.” The SEC interprets this rule in a somewhat extreme way: It thinks that even having a confidentiality agreement counts as “threatening to enforce” the agreement. If your company asks you to sign a nondisclosure agreement saying “you agree not to disclose any of our secrets unless required by law,” and you sign, and then you discover some secret securities fraud at the company and want to report it to the SEC, you might think “but wait: I signed an NDA saying I wouldn’t disclose any secrets, and this is secret, and I am not sure I am required by law to disclose it to the SEC, so if I do disclose it the company can sue me, and that’s scary, so I won’t.” So the company has successfully impeded you from going to the SEC, by threatening you with the NDA.
