Arantza Pena Popo/Insider
- The shut down of Carta's secondary markets product comes after the company was called out on LinkedIn for misusing customer data.
- CEO Henry Ward announced the change in a blog post, calling it "my greatest failure and disappointment."
- It's the latest setback for a CEO who is at the center of multiple legal battles with former employees.
After two days of public flogging for its misuse of customer data, Carta says it will shutter its secondary trading business, giving up on being the go-to liquidity solution for the startup ecosystem.