You can argue that the paperwork is onerous, but its paperwork. The headaches involved with public companies go far beyond a few paltry reports.
You can argue that the paperwork is onerous, but its paperwork. The headaches involved with public companies go far beyond a few paltry reports.
Is that really the case? In other words, what additional restrictions does a publicly-listed company have that privately-traded companies do not have?
Your comment seems plausible, but I could imagine that the SEC regulations around > 500 shareholders etc. could also include all the shareholder protections we associate with public companies, as well.
Additionally, I wouldn't be surprised if Mark Zuckerberg's controlling interest in FB had some sort of an impact on what regulations apply to the company.
I couldn't find any reliable sources for what the advantages were though.