Question
2. As the article indicates, WeWork was once privately valued at $47 billion. Should private companies...
2. As the article indicates, WeWork was once privately valued at $47 billion. Should private companies subject to stricter regulation in terms of requiring financial disclosure? Why or why not?
Answers
Answer:
Private companies have no obligation to diclose their financial regulations or financial statements unless the stocks are sold to general public.
Private companies don't sell their stocks to the general public so they don't have to report their finances to the government or answer to the public. No matter how big or small company is, they can operate behind closed doors.
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