Firmus IPO attacked: founder a convicted insider trader, business called 'AI innovation theater'
MJBiercuk · x · 2026-10-09
Reacting to a stockbroker's complaint about financial media schadenfreude over Firmus's IPO setback, Professor Maja Brcuk argued the company isn't innovative at all: its founder has a conviction for insider trading, and the same team previously rode the crypto hype before repackaging itself as an AI play — effectively a property venture cashing in on the AI boom. "This is NOT an innovative business. It's innovation theater," she wrote.
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