Musk tells Cathie Wood he wouldn’t recommend companies go public ‘unless they really have to’ ...Middle East

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Musk tells Cathie Wood he wouldn’t recommend companies go public ‘unless they really have to’
Elon Musk is lashing out at the state of US financial markets. In a wide-ranging talk with ARK Investment Management’s Cathie Wood Thursday, he bemoaned the high regulatory burden faced by publicly traded companies, the pressure from shareholders that limits efficiency, and how passive investing is stoking volatility. The complaints add to a litany of grievances Musk has raised over the years about the tradeoffs of tapping public markets to build some of his many ventures. His disdain for the rigidity of US securities laws has sometimes led to trouble with regulators, including a high-profile fight with watchdogs over tweets about Tesla Inc. Musk is also the chief executive of SpaceX, one

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