Twitter announced a number of weeks ago that it plans to go public ass soon as all it's papers are in order. Once the Initial Public Offerings (IPOs) have been approved, Twitter will officially be on the market. I would like to know why they are deciding to file these papers now (assuming they would like to go public as soon as possible).
The nation is in crisis right now, so why rush into things when the optimal time to offer may be when the price is lowest. True that more money would be generated (assuming they're ahead of the crisis) but what would happen when/if the government defaults and the stock market continues a downward spiral? At least being a private corporation keeps them out of the chain of disaster that may potentially ensue.
To myself, the only thing to be gained from this is for the rich to continue to hold the majority of wealth. However, who am I to judge, progress is good. It's supposed to be good at least.
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