One possible explanation is that it happens all the time.
There aren't many comparable breaches to this one. The closest in modern times may be Hillary Clinton's email server being used for government business. In that case, the FBI investigated and declined to bring charges, under the expectation that a jury would be unlikely to render a guilty verdict.
Okay, fine. But the FBI investigated and laid out the facts.
My fear is that the current administration sees this as a PR problem. No, this was an operational failure. We should feel lucky that merely an American journalist was added by mistake.
We should expect the FBI to investigate this, too. But I worry the facts are too inconvenient for even that level of accountability.
In my first week on the job, I was told, explicitly, that if I shared Classified or Controlled Unclassified information over unapproved channels, I would be reprimanded—likely fired, or less likely, prosecuted.
It was also made clear that safeguarding the nation's secrets from the carelessness of others was my responsibility, too.
It is mind-boggling that 18 people were on this thread, and none of them ever suggested that this discussion would be better served in a SCIF. To say nothing of SecDef starting the thread on Signal in the first place.
How many other such threads are active at the highest levels of government right now?
Does Chinese intelligence know?
I'm not suggesting punishment, or even prosecution, for the people involved. But the idea that this breach can occur with no accountability, consequences, or operational changes is unacceptable.
It's wrong.
Startup employees, especially early ones, take on most of the risk that founders do. They take pay cuts. They work insane hours. They sacrifice.
And they have the same liquidity needs, too.
It's wrong to make them wait a decade for a fraction of the liquidity that founders got in the Series B.
It's wrong to force them to absorb the risk of the Series B, C, D, E, F, and IPO. All while the founders were set for life years ago.
If founders are going to take money off the table, they should extend the same liquidity offer, pro-rata, to their employees. Period.
Full disclosure: I work at eShares (and love it).
Neither do local merchants when they collect a sales tax.
Neither does the homeowner when they rent their guest room on Airbnb.
Neither does Lady Gaga when she sells a ticket through Ticketmaster.
This isn't controversial. It's price transparency for the consumer and it helps them make better choices.
What's unusual is the White House attacking a private sector retailer for a reasonable choice that's clearly theirs to make. Seeing the "+145% tariff" on your checkout page would puncture a hole in the narrative we've heard for years from Donald Trump that "China pays the tax."
No, you and I pay the tax. And both the U.S. and China will suffer.
Facts are stubborn things.