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
Forget Oculus Rift
This $25 cardboard box turns your phone into an incredibly fun virtual reality experience.
The Congressional Republican Digging Through Scientists’ Grant Proposals
Renée Zellweger’s New Face Is Too Real
Sleater-Kinney Was Once America’s Best Rock Band
Can it be again?
Whole Foods Is Desperate for Customers to Feel Warm and Fuzzy Again
I’m 25. I Have $250.03.
My doctors want me to freeze my eggs.
Smash and Grab
Will competitive Senate contests in Kansas and South Dakota lead to more late-breaking races in future elections?