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Information Technology : Software | Large Cap Growth
Company profile

DocuSign Inc offers DocuSign Agreement Cloud, a software suite for automating the agreement process. It includes DocuSign eSignature, an electronic signature solution that allows an agreement to be signed electronically on a variety of devices. The Agreement Cloud also includes several other applications for automating pre- and post-signature processes, such as automatically generating an agreement from data in other systems, supporting negotiation workflow, collecting payment after signatures, and using artificial intelligence (AI) to analyze a collection of agreements for risks and opportunities. The Agreement Cloud also includes hundreds of integrations to other systems, so agreement processes can integrate with other business processes and data. Its key Agreement Cloud products include DocuSign Contract Lifecycle Management (CLM), Intelligent Insights, Gen for Salesforce, Negotiate for Salesforce, Guided Forms, Click, Identify, Standards-Based Signatures, Payments and eNotary.

Price
Delayed
$272.55
Day's Change
11.94 (4.58%)
Bid
--
Ask
--
B/A Size
--
Day's High
275.84
Day's Low
261.19
Volume
(Average)

Today's volume of 3,882,009 shares is on pace to be in-line with DOCU's 10-day average volume of 5,708,439 shares.

3,882,009

Elon Musk impersonators cost consumers more than $2 million in cryptocurrency scams, FTC says

10:51 am ET May 22, 2021 (MarketWatch)
Print

Ciara Linnane

Overall, crypto scams have cheated consumers out of more than $80 million in a six-month period, agency warns

Consumers have lost more than $2 million since October to scammers impersonating Tesla Inc. Chief Executive Elon Musk in a scheme in which he appeared to say he would multiply cryptocurrency sent to his wallet and send it back, the Federal Trade Commission said Monday.

The agency found that similar scams involving cryptocurrencies have created losses of more than $80 million since last October, an increase of more than ten-fold from the same period a year earlier.

The FTC has received nearly 7,000 reports from consumers in the six-month period and consumers have lost a median sum of $1,900, according to a new consumer protection data spotlight (https://www.ftc.gov/news-events/blogs/data-spotlight/2021/05/cryptocurrency-buzz-drives-record-investment-scam-losses). The scams come in a variety of shapes and sometimes start as offers of investment "tips" in online message boards that direct consumers to fake investment websites.

See now: Buyer beware: SEC warns investors to avoid coronavirus-related frauds and scams (https://www.marketwatch.com/story/buyer-beware-sec-warns-investors-to-beware-of-fraud-and-pandemic-profiteering-2020-06-23)

"Another common form of the scam involves a promise that a celebrity associated with cryptocurrency will multiply any cryptocurrency you send to their wallet and send it back," said the agency.

See also: Dogecoin is coming to crypto platform Coinbase in 2 months, says CEO (https://www.marketwatch.com/story/dogecoin-is-coming-to-crypto-platform-coinbase-in-2-months-says-ceo-11620944181)

Consumers in the 20 to 49 age bracket were more than five times more likely to be scammed than older age groups, the spotlight found. Consumers in their 20s and 30s lost more money to investment scams than any other kind of fraud and more than half of those were in cryptocurrencies.

The agency is offering guidelines on how to avoid being cheated (https://www.consumer.ftc.gov/articles/what-know-about-cryptocurrency-and-scams) and said that one sure sign is anyone who says you have to pay to buy cryptocurrency.

"In fact, anyone who tells you to pay by wire transfer (https://www.consumer.ftc.gov/articles/0090-using-money-transfer-services), gift card (http://www.ftc.gov/giftcards), or cryptocurrency is a scammer," the guidelines warn. "Of course, if you pay, there's almost no way to get that money back. Which is what the scammers are counting on."

Other claims that are big red flags include: scammers guaranteeing that you'll make money; promises of huge payouts with guaranteed returns; the promise of free money; and claims that promise big returns without including details.

See now:A bitcoin battle of the billionaires ensues as Jack Dorsey faces off with Musk on 'green' merits of world's No. 1 crypto (https://www.marketwatch.com/story/a-bitcoin-battle-of-the-billionaires-ensues-as-jack-dorsey-faces-off-with-musk-on-green-merits-of-worlds-no-1-crypto-11621031968)

The FTC announcement comes amid a broad selloff in the crypto complex, led by declines in popular trades, including bitcoin , dogecoin and crypto platform Coinbase Global (COIN) on Monday.

Don't miss:Bitcoin, dogecoin lead wipeout of over half a trillion dollars in manic Monday for crypto (https://www.marketwatch.com/story/bitcoin-dogecoin-lead-wipeout-of-over-half-a-trillion-dollars-in-manic-monday-for-crypto-11621272826?mod=bnbh_mwarticle)

Dogecoin, a crypto that was launched as a joke, has fallen more than 36% form its peak near 75 cents put in last Saturday as crypto champion Elon Musk (https://www.marketwatch.com/story/dogecoin-prices-flop-as-elon-musk-hosts-saturday-night-live-11620540981)(TSLA) appeared (https://www.marketwatch.com/story/dogecoin-prices-flop-as-elon-musk-hosts-saturday-night-live-11620540981) on NBC sketch-comedy show "Saturday Night Live." Musk has repeatedly tweeted about cryptos and caused them to soar in value. Last week, he said he would stop accepting bitcoin as payment for Tesla vehicles, because of the environmental damage caused by mining it.

Read now: Elon Musk tweets about dogecoin, and price immediately jumps (https://www.marketwatch.com/story/elon-musk-tweets-about-dogecoin-and-prices-immediately-jump-11620947452)

-Ciara Linnane; 415-439-6400; AskNewswires@dowjones.com

	

(END) Dow Jones Newswires

May 22, 2021 10:51 ET (14:51 GMT)

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