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Privately-held companies are allowed to have revenue.
by supportengineer 1y ago
Privately-held companies are allowed to have revenue.
- pcrh 1y agoTo clarify, reporting requirements for private companies are minimal below a certain level of revenue. Once that level is passed, they need to file. Google withheld how well its advertising was doing until that threshold was crossed, and it was a surprise to many how much money it was making. This was before its IPO in 2004.