That’s not good. Normally, if these companies were private, they would be trying to figure out how to survive. Take Coinbase for instance. It has been around since 2012, and so it has survived multiple bear markets. But this time around, it has the public shareholder to worry about. And the highly liquid, public shareholder is far more impatient than the highly illiquid, private shareholder.
the Unintended Consequences of Going Public
