Because there is large a social cost with allowing regular people and retirement investment funds to waste money in scams. I'm not saying that Slack IPO is a sc

Because there is large a social cost with allowing regular people and retirement investment funds to waste money in scams. I'm not saying that Slack IPO is a scam. I'm saying that if a majority of public companies cannot turn a profit ever then nobody will ever be able to retire, except the Madoffs that we didn't catch.