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08-19-2016, 07:50 PM
The SEC is investigating the startup that bought its own vegan mayo
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**te to startups: don't buy your own mayo.*
The Securities and Exchange Commission is reportedly investigating (http://www.bloomberg.com/news/articles/2016-08-19/hampton-creek-s-mayo-buybacks-said-to-prompt-inquiry-by-the-sec) Hampton Creek, the potentially $1 billion company (http://www.bloomberg.com/news/articles/2016-08-16/hampton-creek-rallies-employees-around-unicorn-startup-valuation) that was caught buying large quantities of the vegan mayonnaise it produces.*
Hampton Creek didn't disclose its purchases, a move that could make the company look more valuable than it really was.*
An SEC spokeswoman declined to comment. But according to Bloomberg, the SEC is trying to determine whether Hampton Creek "improperly recognized revenue from purchases made with company money."*
Hampton Creek was founded in 2011 as a food tech startup that used new plant-based proteins to reformulate everyday foods like mayonnaise and cookie dough.* Read more... (http://mashable.com/2016/08/19/hampton-creek-vegan-mayo-sec/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial)
More about Format Landscape Vessel Ship Liner Cp 85056 H Sea Acci Titan (http://mashable.com/category/format-landscape-vessel-ship-liner-cp-85056-h-sea-acci-titan/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Business (http://mashable.com/business/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Sec (http://mashable.com/category/sec/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Vegan Mayo (http://mashable.com/category/vegan-mayo/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), and Vegan (http://mashable.com/category/vegan/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial)http://feeds.feedburner.com/~r/Mashable/~4/kweb1vE20lQ
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**te to startups: don't buy your own mayo.*
The Securities and Exchange Commission is reportedly investigating (http://www.bloomberg.com/news/articles/2016-08-19/hampton-creek-s-mayo-buybacks-said-to-prompt-inquiry-by-the-sec) Hampton Creek, the potentially $1 billion company (http://www.bloomberg.com/news/articles/2016-08-16/hampton-creek-rallies-employees-around-unicorn-startup-valuation) that was caught buying large quantities of the vegan mayonnaise it produces.*
Hampton Creek didn't disclose its purchases, a move that could make the company look more valuable than it really was.*
An SEC spokeswoman declined to comment. But according to Bloomberg, the SEC is trying to determine whether Hampton Creek "improperly recognized revenue from purchases made with company money."*
Hampton Creek was founded in 2011 as a food tech startup that used new plant-based proteins to reformulate everyday foods like mayonnaise and cookie dough.* Read more... (http://mashable.com/2016/08/19/hampton-creek-vegan-mayo-sec/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial)
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