My partner was informed last week that her publicly traded company is shutting down, and from my current understanding there was no buy out/merger or bankruptcy filing. Shareholders didn’t vote on it and it is not a single majority owned company (over half company owned by individuals or public companies). I’d like to know the scenarios in which this could happen.
In: Economics
same way any other company shuts down. being publicly traded is just a way for them to raise money. If the money is gone and we can’t afford to operate anymore……….you shut down.
Being publicly traded has nothing to do with being a good functioning business.
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