Will going public make Twitter less innovative?

09/16/2013 | New York Times (tiered subscription model), The

Twitter might struggle to innovate after it goes public, warns Shai Bernstein, a professor at Stanford's Graduate School of Business, because public offerings give people an incentive to cash out and take their bright ideas elsewhere. "Imagine that you have a brilliant idea," he says. "It's more attractive to explore that in a private setting where you are the owner, than in a public firm, where whatever ownership you had is now heavily diluted."

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New York Times (tiered subscription model), The

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