The Facebook IPO is a big story in part because IPOs have gotten much rarer over the past ten years than they were over the twenty years that came before the 2000 NASDAQ crash. What gives? Is it all Sarbanes-Oxley? Is it going to turn around soon? In my latest column I argue that it's no and no, the fundamentals of the economy have changed so that it makes more sense for mid-sized companies to sell out to giant ones than to go public.
TODAY IN SLATE
More Than Scottish Pride
Scotland’s referendum isn’t about nationalism. It’s about a system that failed, and a new generation looking to take a chance on itself.
iOS 8 Comes Out Today. Do Not Put It on Your iPhone 4S.
Why Greenland’s “Dark Snow” Should Worry You
Three Talented Actresses in Three Terrible New Shows
The Human Need to Find Connections in Everything
It’s the source of creativity and delusions. It can harm us more than it helps us.
Happy Constitution Day!
Too bad it’s almost certainly unconstitutional.