freethinkingperson (@freethinkingperson)

This article gets it wrong, again, like so many authors and articles do on why so many companies (including publicly traded ones) are moving to private (while also acquiring companies that were planning on going public, then changing those to private). This is especially true for U.S. companies for two main reasons: 1. It is vastly easier to do raises as a private company than as a public one. Assuming you have your ducks in a row and you have something someone wants you will simply attract more investors when you are private. 2. The second reason - purposefully ignored by liberal media - is the so-called "diversity rule" championed and authored by NASDAQ and approved by the S.E.C. This federal rule (proposed and made final during the Biden regime), based on similar state law language from California that has since been overturned by court action and declared unconstitutional (as such the state law equivalent of the federal rule no longer exists), commands all who take their company public to NASDAQ to have certain percentage of persons of specific races and sexual orientations on the executive team (board), and if you do not do so, the federal government can effectively take over your board (executive group) by installing pre-vetted board members onto the board (the government literally takes over your company by installing its agents onto your executive team) and by charging you fines in excess of 100,000 USD. This federal rule is being contested in court by the NCLA, the same group that has successfully challenged the Biden administration on its social media censorship orders all the way to the U.S. Supreme Court. Keep in mind though that federal rule only applies to public companies... So since we live in a country (the USA) where it's easier for people to be sure they will remain owners of their company if they keep it private, which is what we've been having to do since Biden and his Commie Dems took office, of course people will be staying private and migrating their companies acquired through M&A / business deals to private status wherever possible. https://www.theatlantic.com/ideas/archive/2023/10/private-equity-publicly-traded-companies/675788/