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> FB is a private company Facebook is a public company. I'm surprised anyone reading HN would have missed their rather high profile IPO.
by danellis 11y ago
> FB is a private company
Facebook is a public company. I'm surprised anyone reading HN would have missed their rather high profile IPO.
- baby 11y agopublic means government owned
- danellis 11y agoPublic company.
- asuffield 11y agoSorry, this is incorrect. There are several very similar sounding terms here, which do not mean the same thing. A "public company" or "publicly traded company" is a company traded on the stock exchange. A "state company", or "publicly owned company", or "public sector company" is a company owned by a government and not traded at all. The terms here are a regrettable accident of history, which often confuses people.
- MichaelGG 11y agoIt's not public as in a utility or other government run or specially regulated utility or something. Their management and decisions regarding most of their features are private. I don't think it changes the point of my comment at all.