> FB is a private company
Facebook is a public company. I'm surprised anyone reading HN would have missed their rather high profile IPO.
Facebook is a public company. I'm surprised anyone reading HN would have missed their rather high profile IPO.
I don't think it changes the point of my comment at all.
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.