https://thenextweb.com/twitter/2013/11/07/twitter-just-becam...
Either way, that's a strange moral line to take on all of this, whether a company is public or not.
There's nothing strange about it at all. If you want to sell securities on public markets you have to abide by certain rules. It's completely reasonable, and I know that corporations and their apologists like to throw around "private" as a buzzword and pretend like they should have free reign, but they do not.
There is no such thing as a "private" publicly traded company.