The rise of private funding, exemplified by OpenAI's recent $122 billion raise, shows that startups can thrive without going public, which could lead to more innovation.
The Sarbanes-Oxley Act introduced necessary regulations that, while increasing costs, ultimately aim to protect investors and enhance corporate accountability.
Concerns
The consolidation of companies into a few major players raises concerns about monopolistic practices, limiting competition and innovation in various industries.
There seems to be little incentive for companies to go public, which could stifle transparency and accountability in the corporate sector.