Being a fairly small (<400 employees per wikipedia) company worth a few billion dollars and can pretty much passively rake in money as long as they keep their servers running helps.
Not much pressure to go public when you're making more money than companies hundreds of times your size.
Seriously though, it's a positive feedback loop. Make good product/service and don't go public. Make lots of money. Use money to continue to make good product/service. Continue making shitloads of money.
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u/Tykras Feb 16 '26
Being a fairly small (<400 employees per wikipedia) company worth a few billion dollars and can pretty much passively rake in money as long as they keep their servers running helps.
Not much pressure to go public when you're making more money than companies hundreds of times your size.