Ask HN: Are private companies required to tell shareholders anything?
Kind of a broad question, I know. I left a company a few years back and exercised a bunch of stock. Since then they&#x27;ve raised a new round of funding, and apparently taken a bunch of bridge loans. Rumor has it this has absolutely crushed the value of my holding (into the fractions of a penny territory), but I&#x27;ve never received any correspondence from them about any of it-- I&#x27;ve only heard it from current employees.<p>Do companies have absolutely no obligation to shareholders when they&#x27;re private or something?