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This is why I'm skeptical of private weakly regulated markets and why I actually support regulation of capital markets that forces disclosure. WeWork was able
by tryitnow 7y ago
This is why I'm skeptical of private weakly regulated markets and why I actually support regulation of capital markets that forces disclosure. WeWork was able to claim an absurd valuation in the public markets, but as soon as they started filing the reports mandated by government regulation they started imploding.
I think when government regulation mandates self-reporting and disclosure it has a tendency to work (though not always), whereas when government regulation takes punitive prohibitionist approaches it starts to stumble (again, not always).