Skims Co-Founder Puts IPO Plans on Hold, Focuses on Current Journey
Skims co-founder Jens Grede clarifies IPO plans, saying the company has never made a decision to go public, and is currently focused on its growth journey.
Sophia Steele
In a significant development, a federal judge has ruled that a lawsuit aimed at stopping the Department of Government Efficiency (DOGE) from collecting records on millions of Americans can proceed. The lawsuit, filed in February, alleges that DOGE's data collection efforts violate the privacy rights of federal employees.
The lawsuit was brought by over 100 current and former federal employees, in conjunction with the Electronic Frontier Foundation (EFF), a prominent privacy watchdog, and two labor unions. The plaintiffs are seeking to block the U.S. Office of Personnel Management (OPM) from disclosing records to DOGE, as well as agents of DOGE. They are also demanding that any information already shared be returned.
The government had filed a motion to dismiss the lawsuit, but on Thursday, the judge denied that motion. This ruling does not guarantee a victory for the plaintiffs, but it does allow them to continue their legal challenge. The lawsuit is seen as a significant test of the government's authority to collect and use personal data on its employees.
At the heart of the lawsuit is the issue of privacy and the limits of government power. The plaintiffs argue that DOGE's data collection efforts are overly broad and violate their constitutional right to privacy. They also claim that the government has failed to provide adequate safeguards to protect their personal information.
The EFF, which is representing the plaintiffs, has been a vocal critic of government surveillance and data collection practices. In a statement, the EFF welcomed the judge's ruling, saying that it "recognizes the importance of protecting the privacy rights of federal employees."
The implications of this lawsuit are far-reaching, and could have significant consequences for the government's ability to collect and use personal data on its employees. If the plaintiffs are successful, it could lead to changes in the way the government approaches data collection and privacy. The case is likely to be closely watched by privacy advocates and government agencies alike.
Elon Musk, who was also named as a defendant in the lawsuit, has not commented on the ruling. It is unclear what role, if any, he played in DOGE's data collection efforts.
As the lawsuit proceeds, it will be important to watch for developments and any potential appeals. The outcome of this case could have significant implications for the balance between government power and individual privacy.
Skims co-founder Jens Grede clarifies IPO plans, saying the company has never made a decision to go public, and is currently focused on its growth journey.
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