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by jonathanjaeger 4822 days ago
No. Private companies should not have to disclose their runway or profitability as this gives competitors insight into the market. Imagine if Pandora plastered a big notice on their signup that says they're not profitable so beware of creating new channels because who knows what will happen. Same is true for Facebook in the early days. It's just unnecessary and business should not be conducted by trying to optimize users away from your product. Of course, I like when companies are fair about how they go about their shut down (e.g. Posterous with ample time to backup your content and go elsewhere).